New York Times Company (NYT)
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 | 1,958,564 | 2,922,595 | 2,895,219 | 2,871,332 | 2,875,483 | 2,729,413 | 2,693,574 | 2,619,399 | 2,518,135 | 1,103,015 | 1,036,723 | 983,617 | 971,502 | 1,052,102 | 698,905 | 370,329 | 239,359 | -848,741 | -482,834 | -123,609 |
| Payables | US$ in thousands | 116,942 | 119,774 | 110,830 | 122,008 | 114,646 | 119,531 | 113,982 | 146,152 | 127,073 | 118,871 | 94,480 | 102,699 | 123,157 | 97,749 | 70,692 | 99,162 | 116,571 | 106,867 | 101,259 | 106,237 |
| Payables turnover | 16.75 | 24.40 | 26.12 | 23.53 | 25.08 | 22.83 | 23.63 | 17.92 | 19.82 | 9.28 | 10.97 | 9.58 | 7.89 | 10.76 | 9.89 | 3.73 | 2.05 | -7.94 | -4.77 | -1.16 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,958,564K ÷ $116,942K
= 16.75
The payables turnover of New York Times Co. has shown fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the payables turnover ratio was 10.68, which indicates that the company is able to manage its accounts payables effectively, with suppliers being paid approximately 10.68 times during the quarter.
Comparing this to the previous quarters, the payables turnover ratio has been relatively stable, ranging from 7.32 to 11.22. This consistency suggests that the company has been maintaining a consistent pace in settling its obligations to suppliers.
Overall, the payables turnover ratio for New York Times Co. indicates that the company has been efficient in managing its payables by swiftly paying off its suppliers, which is a positive sign of financial health and effective working capital management.
Peer comparison
Dec 31, 2023