The Mosaic Company (MOS)
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 | 12,110,500 | 13,063,400 | 13,775,800 | 14,458,000 | 14,007,000 | 13,124,200 | 11,805,000 | 10,326,000 | 9,672,400 | 9,010,900 | 8,483,100 | 6,640,600 | 4,918,100 | 3,443,400 | 1,404,400 | 1,175,300 | 1,021,800 | 384,400 | 377,900 | 372,800 |
| Payables | US$ in thousands | 1,166,900 | 1,105,700 | 1,233,000 | 1,027,000 | 1,292,500 | 1,199,800 | 1,505,700 | 848,700 | 1,260,700 | 1,041,500 | 924,800 | 762,300 | 769,100 | 736,700 | 811,900 | 691,700 | 680,400 | 766,100 | 808,600 | 781,600 |
| Payables turnover | 10.38 | 11.81 | 11.17 | 14.08 | 10.84 | 10.94 | 7.84 | 12.17 | 7.67 | 8.65 | 9.17 | 8.71 | 6.39 | 4.67 | 1.73 | 1.70 | 1.50 | 0.50 | 0.47 | 0.48 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $12,110,500K ÷ $1,166,900K
= 10.38
The payables turnover ratio for Mosaic Company has been relatively stable over the past eight quarters, ranging from a low of 4.93 in Q2 2022 to a high of 8.80 in Q1 2023. This ratio measures the company's efficiency in managing its accounts payable by showing how many times a company pays off its suppliers during a specific period.
A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly, which can be a sign of strong liquidity and effective working capital management. In contrast, a lower ratio may suggest that the company is taking longer to pay its vendors, possibly signaling liquidity issues or strained supplier relationships.
Overall, Mosaic Company's payables turnover ratio has shown consistency and improvement over the quarters, with a recent spike in Q1 2023, indicating a potentially positive trend in managing its accounts payable efficiently.
Peer comparison
Dec 31, 2023