The Mosaic Company (MOS)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,610,900 | 11,485,500 | 13,369,400 | 9,157,100 | 7,616,800 |
| Payables | US$ in thousands | 1,156,500 | 1,166,900 | 1,292,500 | 1,260,700 | 769,100 |
| Payables turnover | 8.31 | 9.84 | 10.34 | 7.26 | 9.90 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $9,610,900K ÷ $1,156,500K
= 8.31
The payables turnover ratio for The Mosaic Company has fluctuated over the past five years. The ratio decreased from 9.90 in December 31, 2020, to 7.26 in December 31, 2021, indicating that the company took longer to pay its suppliers in 2021 compared to 2020. However, in the subsequent years, the payables turnover improved, reaching 10.34 in December 31, 2022, and then slightly decreasing to 9.84 in December 31, 2023. This suggests that the company managed to speed up its payments to suppliers in 2022, but the improvement was not sustained in the following year. Finally, by December 31, 2024, the payables turnover ratio was 8.31, still higher than in 2021 but lower than in 2020 and 2022. Overall, the company's ability to manage its accounts payables has shown fluctuations, indicating the need for continued monitoring and potential optimization of payment practices.
Peer comparison
Dec 31, 2024