Performance Food Group Co (PFGC)
Payables turnover
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 17,505,600 |
| 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 | 1,130,800 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | 15.93 | 23.36 | 15.95 | 13.99 | 16.48 | 19.65 | 16.07 | 15.48 |
March 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $51,935,300K ÷ $—K
= —
The payables turnover ratio measures how efficiently a company is managing its accounts payable by evaluating how many times a company pays off its average accounts payable balance over a certain period. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which may suggest strong supplier relationships or efficient working capital management.
Based on the provided data, Performance Food Group Co's payables turnover has shown fluctuating trends over the past few quarters. In the most recent quarter ending March 31, 2021, the payables turnover ratio was 15.93, indicating that the company paid its suppliers approximately 15.93 times during that quarter. This suggests a moderate level of efficiency in managing its accounts payable.
Comparing this to previous quarters, we observe that the payables turnover ratio has varied, with significant fluctuations. For example, in December 2022, the ratio was 23.36, reflecting a higher frequency of paying off accounts payable compared to the more recent quarter.
It is important for investors and analysts to monitor the payables turnover ratio over time to assess changes in the company's payment practices and working capital management. Fluctuations in the ratio may indicate shifts in the company's relationship with suppliers, cash flow management, or changes in procurement strategies.
Peer comparison
Mar 31, 2024