Mesa Laboratories Inc (MLAB)

Payables turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cost of revenue	US$ in thousands	90,108	82,937	85,387	75,245	46,923
Payables	US$ in thousands	—	6,041	6,134	7,897	4,473
Payables turnover		—	13.73	13.92	9.53	10.49

March 31, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $90,108K ÷ $—K
= —

The payables turnover ratio for Mesa Laboratories Inc has shown some fluctuations over the past few years. In March 2021, the ratio was 10.49, indicating that the company was able to turn over its accounts payables approximately 10.49 times during that period.

By March 2022, this ratio had decreased to 9.53, suggesting that Mesa Laboratories Inc took longer to pay off its suppliers compared to the previous year. However, in the following years, the payables turnover ratio improved significantly.

By March 2023, the ratio rose to 13.92, indicating that the company was able to manage its payables more efficiently and pay off its suppliers at a faster rate. This trend continued in March 2024, with a slightly lower but still strong ratio of 13.73.

Unfortunately, the data for March 2025 is unavailable at this time, making it impossible to assess the company's payables turnover for that year.

Overall, Mesa Laboratories Inc has shown varying levels of efficiency in managing its accounts payables over the years, with notable improvements in recent years. It is essential for the company to continue monitoring and optimizing its payables turnover ratio to maintain healthy vendor relationships and ensure smooth cash flow management.