The Mosaic Company (MOS)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 10,223,800 | 10,317,200 | 11,033,500 | 11,435,300 | 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 |
| Payables | US$ in thousands | 1,156,500 | 1,178,100 | 1,054,800 | 850,400 | 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 |
| Payables turnover | 8.84 | 8.76 | 10.46 | 13.45 | 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $10,223,800K ÷ $1,156,500K
= 8.84
The payables turnover ratio for The Mosaic Company has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio measures how efficiently the company is managing its trade payables by indicating the number of times during a period that a company pays off its average accounts payable balance.
From March 31, 2020, to June 30, 2021, the payables turnover ratio showed a consistent increasing trend, indicating that the company was paying off its suppliers more frequently. This signifies efficient management of payables and potentially strong supplier relationships during this period.
However, from September 30, 2021, to March 31, 2022, there was a notable spike in the payables turnover ratio, reaching its peak at 14.08 on March 31, 2023. This sharp increase may indicate a change in payment terms, a focus on reducing outstanding payables, or possibly improved liquidity.
Subsequently, the ratio experienced fluctuation, but generally remained within the range of 7.84 to 14.08 from March 31, 2022, to December 31, 2024. The variations show potential changes in the company's payables management practices and its relationships with suppliers.
Overall, the payables turnover ratio for The Mosaic Company demonstrates a mixture of improvements, fluctuations, and stability over the period under review, reflecting the company's ability to manage its trade payables efficiently in response to changing business conditions.
Peer comparison
Dec 31, 2024