Mondelez International Inc (MDLZ)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 22,184,000 | 22,252,000 | 20,184,000 | 17,466,000 | 16,135,000 |
| Payables | US$ in thousands | 9,433,000 | 8,321,000 | 7,562,000 | 6,730,000 | 6,209,000 |
| Payables turnover | 2.35 | 2.67 | 2.67 | 2.60 | 2.60 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $22,184,000K ÷ $9,433,000K
= 2.35
The payables turnover ratio for Mondelez International Inc has been relatively stable over the past five years. It stood at 2.60 in both December 31, 2020 and December 31, 2021, indicating that the company took approximately 2.60 times to pay off its accounts payable during those periods.
In December 31, 2022 and December 31, 2023, the payables turnover ratio improved slightly to 2.67, suggesting a more efficient management of accounts payable. However, there was a decrease to 2.35 in December 31, 2024, which may indicate a longer time taken to settle payables compared to the previous years.
Overall, while the payables turnover ratio for Mondelez International Inc has shown slight fluctuations, it remains within a relatively stable range which may indicate a consistent approach in managing the company's accounts payable.
Peer comparison
Dec 31, 2024