Performance Food Group Co (PFGC)

Payables turnover

Dec 31, 2024 Sep 30, 2024 Jun 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
Cost of revenue (ttm) US$ in thousands 53,192,500 52,079,700 51,704,100 51,459,000 51,429,600 51,131,300 50,999,800 50,903,200 50,377,200 49,537,900 45,637,700 40,775,900 35,412,300 29,886,400 26,873,700 23,770,100 23,593,500 22,916,800 22,217,100 22,281,200
Payables US$ in thousands
Payables turnover

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $53,192,500K ÷ $—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

Company name
Symbol
Payables turnover
Performance Food Group Co
PFGC
SpartanNash Co
SPTN
The Chefs Warehouse Inc
CHEF
13.87
United Natural Foods Inc
UNFI
15.92