PBF Energy Inc (PBF)

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 Jun 30, 2020 Mar 31, 2020
Cost of revenue (ttm) US$ in thousands 33,487,500 34,882,400 35,717,600 35,635,000 35,926,200 36,748,700 38,434,400 41,925,400 42,151,700 40,140,200 35,966,800 30,524,700 26,366,200 22,336,100 19,298,900 14,920,300 16,745,600 18,976,300 21,239,900 25,415,600
Payables US$ in thousands 735,600 956,100 1,126,200 960,600 959,000 1,213,300 635,300 750,200 854,600 912,300 1,341,700 1,625,100 911,700 461,200 783,300 710,600 407,000 212,700 423,400 437,100
Payables turnover 45.52 36.48 31.72 37.10 37.46 30.29 60.50 55.89 49.32 44.00 26.81 18.78 28.92 48.43 24.64 21.00 41.14 89.22 50.17 58.15

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $33,487,500K ÷ $735,600K
= 45.52

PBF Energy Inc's payables turnover ratio measures how efficiently the company manages its accounts payable. Looking at the trend over the past few years, we can see fluctuations in the payables turnover ratio.

The payables turnover ratio decreased from 58.15 on March 31, 2020, to 41.14 on December 31, 2020, indicating a slower rate of paying off its accounts payable during that period. Subsequently, the ratio continued to fluctuate, showing some improvement but not maintaining a consistent trend.

It's notable that the payables turnover ratio dropped significantly to 18.78 on March 31, 2022, and then increased to 60.50 by June 30, 2023, before dropping again to 31.72 on June 30, 2024. Overall, the company's ability to manage its payables has varied over time, suggesting potential challenges or changes in its payment practices.

Further analysis and comparison with industry benchmarks could provide more insights into the company's payables management efficiency and its implications for cash flow and working capital management.