Performance Food Group Co (PFGC)
Payables turnover
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 51,443,900 | 46,006,600 | 27,269,900 | 22,493,400 | 17,505,600 |
| Payables | US$ in thousands | — | — | — | 1,608,000 | 1,130,800 |
| Payables turnover | — | — | — | 13.99 | 15.48 |
June 30, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $51,443,900K ÷ $—K
= —
The payables turnover ratio for Performance Food Group Co has been consistent in the last three years. The ratio decreased from 15.48 in 2019 to 13.99 in 2020, indicating that the company took slightly longer to pay off its accounts payable in 2020 compared to the previous year. Unfortunately, the payables turnover ratio for the most recent years, 2021, 2022, and 2023, is not available in the data provided.
A decreasing payables turnover ratio can suggest that the company is taking longer to pay its suppliers, which may signal potential liquidity issues or strained relationships with vendors. It is important to have a closer look at the company's accounts payable management to understand the reasons behind the changes in the payables turnover ratio and its implications for the overall financial health of the company.
Peer comparison
Jun 30, 2023