Oshkosh Corporation (OSK)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Cost of revenue	US$ in thousands	8,843,000	7,911,800	7,195,400	6,382,500	7,585,000
Payables	US$ in thousands	1,214,500	1,129,000	860,400	577,800	795,500
Payables turnover		7.28	7.01	8.36	11.05	9.53

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $8,843,000K ÷ $1,214,500K
= 7.28

Oshkosh Corp's payables turnover ratio has shown a fluctuating trend over the past five years. The ratio indicates how efficiently the company is managing its accounts payable by measuring how quickly it pays off its trade creditors.

The payables turnover ratio has decreased slightly from 6.40 in Dec 31, 2022, to 6.57 in Dec 31, 2023, indicating that the company took slightly longer to pay off its suppliers in 2023 compared to the previous year. However, it is important to note that the ratio remains relatively high, suggesting that Oshkosh Corp is still managing its payables efficiently.

Looking further back, the payables turnover ratio was higher in Sep 30, 2020, at 9.93, and then declined to 7.57 in Sep 30, 2021. This decrease could suggest a change in the company's payment policies or relationship with suppliers during that period.

Overall, Oshkosh Corp's payables turnover ratio has shown variability over the past five years, indicating fluctuations in the company's efficiency in managing its accounts payable. Investors and stakeholders should continue to monitor this ratio to assess the company's liquidity and supplier management strategies.