Pitney Bowes Inc (PBI)
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 | 1,097,359 | 1,163,129 | 1,151,821 | 1,021,176 | 1,022,863 | 1,449,132 | 1,834,711 | 2,209,422 | 2,551,563 | 2,567,519 | 2,574,179 | 2,529,404 | 2,404,660 | 2,195,585 | 2,055,148 | 1,957,843 | 1,922,139 | 1,903,332 | 1,854,838 | 1,813,429 |
| Payables | US$ in thousands | 282,425 | — | — | — | 315,351 | — | — | — | 310,993 | — | — | — | 295,173 | — | — | — | 282,125 | — | — | — |
| Payables turnover | 3.89 | — | — | — | 3.24 | — | — | — | 8.20 | — | — | — | 8.15 | — | — | — | 6.81 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,097,359K ÷ $282,425K
= 3.89
The payables turnover ratio for Pitney Bowes, Inc. stood at 7.72 in Q4 2023, and 7.63 in Q4 2022. This indicates that the company is able to efficiently manage its accounts payable by paying off its suppliers nearly 7.7 times a year in Q4 2023. It shows a slight improvement from the previous year.
However, it is important to note that the lack of data for Q3, Q2, and Q1 2023 prevents a thorough trend analysis over these specific quarters. Additional data points would provide a more comprehensive understanding of Pitney Bowes' payables turnover performance over a longer period.