Matson Inc (MATX)

Payables turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	296,900	290,400	282,300	276,000	272,400	267,700	260,600	254,500	247,400	242,000	243,300	235,400	235,900	229,500	223,500	228,200	227,900	233,300	235,100	234,400
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	235,000	221,100	232,400
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.99	1.06	1.01

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $296,900K ÷ $—K
= —

The payables turnover ratio for Matson Inc has been consistently reported as 0.00 across all quarters in the provided data. This indicates that the company is not effectively managing its accounts payable turnover during the given period. A payables turnover ratio of 0.00 suggests that Matson Inc is not paying its suppliers or vendors within the specific timeframe considered in the calculation.

A low or zero payables turnover ratio may signify that Matson Inc is taking longer to pay its creditors, which could potentially strain supplier relationships or indicate cash flow issues within the company. It is important for the company to closely monitor and manage its payables turnover ratio to ensure efficient working capital management and maintain positive relationships with suppliers.

Further analysis of Matson Inc's payables turnover ratio over a longer period or in comparison to industry benchmarks would provide more insights into the company's liquidity management and financial health.