New York Times Company (NYT)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,958,560 | 1,914,280 | 1,642,140 | 1,474,960 | 0 |
| Payables | US$ in thousands | 116,942 | 114,646 | 127,073 | 123,157 | 116,571 |
| Payables turnover | 16.75 | 16.70 | 12.92 | 11.98 | 0.00 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,958,560K ÷ $116,942K
= 16.75
The payables turnover ratio for New York Times Co. has shown a generally increasing trend over the past five years, from 0.65 in 2019 to 10.68 in 2023. This indicates an improvement in the company's efficiency in managing its accounts payable, as it takes less time to pay off its suppliers relative to its purchases. The higher value of the payables turnover ratio suggests that the company is paying its creditors more frequently, which could be a positive sign of strong supplier relationships or efficient working capital management. This trend of increasing payables turnover may indicate effective cash flow management and improved liquidity within the company, potentially leading to better financial health and stability in the long term.
Peer comparison
Dec 31, 2023