Performance Food Group Co (PFGC)
Payables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 52,942,400 | 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 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,513,100 | 1,025,200 | 1,456,900 | 1,608,000 | 1,372,900 | 1,041,500 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 15.93 | 23.36 | 15.95 | 13.99 | 16.48 | 19.65 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $52,942,400K ÷ $—K
= —
The payables turnover ratio measures how efficiently a company manages its accounts payable by evaluating how many times in a period a company pays off its suppliers on average.
Based on the provided data, Performance Food Group Co's payables turnover ratio has fluctuated over the years. As of December 31, 2019, the payables turnover was 19.65, indicating that the company was paying its suppliers approximately 19.65 times during that year. The ratio decreased to 16.48 by March 31, 2020, suggesting a slower payment turnover.
The ratio further declined to 13.99 by June 30, 2020, before increasing to 15.95 by September 30, 2020, and substantially improving to 23.36 by December 31, 2020. This surge in payables turnover could indicate more efficient management of payables during that period.
However, the ratio dropped back to 15.93 by March 31, 2021, and data beyond that point is not available. It's important for the company to consistently monitor its payables turnover ratio to ensure it aligns with industry standards and reflects efficient use of its resources.
Fluctuations in payables turnover could be affected by various factors such as changes in payment terms with suppliers, seasonal variations in business activities, or changes in the company's working capital management policies. Evaluating trends in payables turnover over time can provide insights into the company's payment practices and relationships with suppliers.
Peer comparison
Dec 31, 2024