Quanex Building Products (NX)
Payables turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,188,223 | 957,373 | 968,997 | 975,406 | 997,832 | 877,659 | 908,040 | 951,319 | 953,004 | 939,749 | 908,169 | 866,978 | 831,541 | 793,887 | 736,448 | 677,720 | 658,750 | 652,714 | 671,644 | 693,290 |
| Payables | US$ in thousands | 124,404 | 63,948 | 60,615 | 55,106 | 74,371 | 71,464 | 64,477 | 63,093 | 77,907 | 84,527 | 88,956 | 75,457 | 86,765 | 79,167 | 83,081 | 62,553 | 77,335 | 58,676 | 42,227 | 49,092 |
| Payables turnover | 9.55 | 14.97 | 15.99 | 17.70 | 13.42 | 12.28 | 14.08 | 15.08 | 12.23 | 11.12 | 10.21 | 11.49 | 9.58 | 10.03 | 8.86 | 10.83 | 8.52 | 11.12 | 15.91 | 14.12 |
October 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,188,223K ÷ $124,404K
= 9.55
Quanex Building Products' payables turnover ratio has fluctuated over the years based on the data provided. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently within a given period.
From the data, we observe that there is variability in the payables turnover ratio, with values ranging from 8.52 to 17.70. The trend shows some fluctuations with peaks and troughs. It is noteworthy that the payables turnover ratio has exceeded 10 for most periods, indicating that Quanex Building Products generally pays its suppliers within a reasonable timeframe.
The company's ability to manage its payables effectively can impact its liquidity and cash flow. A higher payables turnover ratio can imply efficient working capital management as the company takes longer to pay its suppliers, potentially preserving cash for other uses. However, companies must strike a balance to maintain good relationships with suppliers.
Overall, the trend in Quanex Building Products' payables turnover ratio suggests a proactive approach to managing its payables, with variations possibly influenced by changes in payment terms, purchasing patterns, or business conditions.
Peer comparison
Oct 31, 2024