Performance Food Group Co (PFGC)
Payables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 55,882,300 | 51,704,100 | 50,999,800 | 45,637,700 | 26,873,700 |
| Payables | US$ in thousands | 3,165,300 | 2,594,400 | 2,453,500 | 2,559,500 | 1,776,500 |
| Payables turnover | 17.65 | 19.93 | 20.79 | 17.83 | 15.13 |
June 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $55,882,300K ÷ $3,165,300K
= 17.65
The payables turnover ratio of Performance Food Group Co has demonstrated a general upward trend over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the ratio increased from 15.13 in 2021 to a peak of 20.79 in 2023, indicating that the company has been paying its trade payables more frequently or efficiently during this period.
This rise suggests an improvement in the company's liquidity management regarding its accounts payable, potentially reflecting better cash flow management or more aggressive payment strategies. Nonetheless, after reaching its peak in 2023, the ratio declined slightly to 19.93 in 2024 and further to 17.65 in 2025. This slight decrease may imply a modest relax in payment frequency, possibly attributable to changes in supplier terms, liquidity circumstances, or strategic payment policies.
Overall, the pattern indicates a trend toward faster settlement of payables from 2021 through 2023, followed by a stabilization or slight reduction in payables turnover in subsequent years. This fluctuation warrants consideration of underlying operational or financial strategic shifts influencing the company's payment behavior.
Peer comparison
Jun 30, 2025