Performance Food Group Co (PFGC)
Payables turnover
| Sep 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 52,397,000 | 51,935,300 | 51,895,200 | 51,579,500 | 51,443,900 | 51,343,600 | 50,808,200 | 49,955,600 | 46,095,200 | 41,271,000 | 35,884,400 | 30,345,000 | 27,269,900 | 24,107,700 | 23,949,600 | 23,232,500 | 22,493,400 | 22,629,800 | 20,461,300 | 19,098,300 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,513,100 | 1,025,200 | 1,456,900 | 1,608,000 | 1,372,900 | 1,041,500 | 1,188,700 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | 15.93 | 23.36 | 15.95 | 13.99 | 16.48 | 19.65 | 16.07 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $52,397,000K ÷ $—K
= —
The payables turnover ratio for Performance Food Group Co fluctuated over the past eight quarters. The ratio was relatively stable between Q1 2020 and Q4 2020, ranging from 15.95 to 16.48. However, there was a significant increase in Q1 2021 when the ratio jumped to 23.36 before declining to 15.93 in Q4 2021. This downward trend continued into Q3 2022 when the ratio was 13.99, before increasing to 19.65 in Q4 2022 and subsequently dropping to 16.07 in Q1 2023.
Overall, the company's payables turnover ratio has exhibited some volatility in recent quarters, with fluctuations that may indicate changes in the efficiency of managing its accounts payable. Further analysis of the company's payables turnover trends in conjunction with other financial metrics would be beneficial to gain a comprehensive understanding of its working capital management and supplier relationships.
Peer comparison
Sep 30, 2024