ePlus inc (PLUS)
Payables turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,504,487 | 1,581,457 | 1,586,622 | 1,662,687 | 1,679,713 | 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 |
| Payables | US$ in thousands | 451,734 | 313,046 | 281,927 | 270,614 | 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 |
| Payables turnover | 3.33 | 5.05 | 5.63 | 6.14 | 5.32 | 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 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,504,487K ÷ $451,734K
= 3.33
The payables turnover ratio measures how efficiently a company manages its accounts payable by comparing its purchases to its average accounts payable balance.
Looking at the data for ePlus inc from June 30, 2020, to March 31, 2025, we observe fluctuations in the payables turnover ratio. The ratio has ranged from a high of 11.35 on September 30, 2020, to a low of 2.55 on March 31, 2025.
A high payables turnover ratio indicates that the company is paying off its suppliers quickly, which may be a sign of strong cash flow management. Conversely, a low ratio may suggest that the company is taking longer to pay its suppliers, which could indicate liquidity issues or strained relationships with vendors.
Overall, based on the fluctuations in ePlus inc's payables turnover ratio over time, it is important to further investigate the reasons behind these changes to understand the company's payment practices and financial health more comprehensively.
Peer comparison
Mar 31, 2025