Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,586,500 | 3,855,800 | 3,826,900 | 2,607,800 | 2,595,100 | 2,327,900 | 2,332,800 | 2,331,600 | 2,311,800 | 2,333,400 | 2,304,400 | 2,276,900 | 2,248,600 | 2,597,400 | 2,561,400 | 2,486,800 | 2,532,200 | 1,810,100 |
| Payables | US$ in thousands | 174,600 | 172,100 | 172,400 | 174,700 | 179,500 | 168,600 | 176,800 | 186,800 | 228,300 | 190,000 | — | — | 185,800 | — | — | — | 235,100 | — |
| Payables turnover | 20.54 | 22.40 | 22.20 | 14.93 | 14.46 | 13.81 | 13.19 | 12.48 | 10.13 | 12.28 | — | — | 12.10 | — | — | — | 10.77 | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,586,500K ÷ $174,600K
= 20.54
The payables turnover ratio for Envista Holdings Corp has shown a fluctuating trend over the reported periods. The ratio was not available in some periods, indicating that either payables information was not disclosed or there were no payables during those times.
The payables turnover ratio was 10.77 for the period ending December 31, 2020, signaling that the company's payables were converted into purchases approximately 10.77 times during that year. The ratio then increased to 12.10 by the end of December 31, 2021, indicating a slight improvement in the turnover of payables.
Subsequently, the ratio continued to increase, reaching 14.46 as of December 31, 2023, and further rose to 22.40 by September 30, 2024, highlighting a significant acceleration in the turnover of payables during those periods.
Envista Holdings Corp's payables turnover ratio surged to 22.40 by September 30, 2024, demonstrating that the company was able to convert its payables into purchases over 22 times during that specific period. This could suggest efficient management of payables and possibly better negotiation with suppliers to achieve favorable payment terms.
Overall, the increasing trend in the payables turnover ratio indicates that Envista Holdings Corp has been effectively managing its payables and generating turnover from its suppliers at an accelerated pace in recent reporting periods.
Peer comparison
Dec 31, 2024