ePlus inc (PLUS)
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 | 1,674,509 | 1,610,245 | 1,720,104 | 1,637,260 | 1,550,194 | 1,526,510 | 1,419,123 | 1,393,736 | 1,360,037 | 1,278,592 | 1,230,328 | 1,229,432 | 1,174,769 | 1,194,697 | 1,190,539 | 1,164,954 | 1,197,213 | 1,166,724 | 1,104,180 | 1,055,189 |
| Payables | US$ in thousands | 315,676 | 294,705 | 295,855 | 351,384 | 220,159 | 299,627 | 192,511 | 165,793 | 136,161 | 162,670 | 121,263 | 149,685 | 165,162 | 159,175 | 104,893 | 136,507 | 82,919 | 126,154 | 107,336 | 108,954 |
| Payables turnover | 5.30 | 5.46 | 5.81 | 4.66 | 7.04 | 5.09 | 7.37 | 8.41 | 9.99 | 7.86 | 10.15 | 8.21 | 7.11 | 7.51 | 11.35 | 8.53 | 14.44 | 9.25 | 10.29 | 9.68 |
March 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,674,509K ÷ $315,676K
= 5.30
The payables turnover ratio for ePlus Inc has fluctuated over the past five quarters, ranging from a low of 4.66 to a high of 11.35. The average payables turnover ratio over this period is approximately 7.91. A higher payables turnover ratio indicates that the company is paying off its suppliers more frequently within a given period, reflecting efficient management of payables. It implies that ePlus Inc is effectively managing its accounts payable and settling its obligations in a timely manner. The significant variations in the ratio may suggest changes in the company's purchasing and payment practices or shifts in supplier relationships. Overall, the trend in ePlus Inc's payables turnover ratio indicates a proactive approach to managing its working capital and vendor relationships.
Peer comparison
Mar 31, 2024