Mondelez International Inc (MDLZ)

Payables turnover

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	22,482,000	22,124,000	21,072,000	22,252,000	22,028,000	21,643,000	21,123,000	20,184,000	19,389,000	18,597,000	17,975,000	17,466,000	17,067,000	16,582,000	16,151,000	16,135,000	15,863,000	15,829,000	15,842,000	15,531,000
Payables	US$ in thousands	9,433,000	9,110,000	8,618,000	8,321,000	7,658,000	7,740,000	7,885,000	7,562,000	6,726,000	6,787,000	7,241,000	6,730,000	6,484,000	6,375,000	6,372,000	6,209,000	5,597,000	5,466,000	5,554,000	5,853,000
Payables turnover		2.38	2.43	2.45	2.67	2.88	2.80	2.68	2.67	2.88	2.74	2.48	2.60	2.63	2.60	2.53	2.60	2.83	2.90	2.85	2.65

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $22,482,000K ÷ $9,433,000K
= 2.38

The payables turnover ratio of Mondelez International Inc has fluctuated over the years based on the provided data. The ratio represents how efficiently the company is managing its accounts payable by measuring the number of times a company pays off its average accounts payable balance during a certain period.

From December 31, 2019, to December 31, 2024, the payables turnover ratio ranged from a low of 2.38 to a high of 2.90. A higher ratio is generally preferred as it indicates that the company is paying its suppliers more frequently, which can signify good relationships with suppliers and potentially better cash flow management.

During this period, the ratio showed some variability but remained relatively stable within the range. However, it decreased towards the end of the period, dropping to 2.38 by December 31, 2024. This could suggest that the company took longer to pay its suppliers, which may raise concerns about liquidity or relationship issues with suppliers.

Overall, monitoring the payables turnover ratio can provide insights into how efficiently Mondelez International Inc is managing its payment obligations to suppliers and maintaining healthy working capital management.