Philip Morris International Inc (PM)
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 | 15,077,000 | 14,819,000 | 14,608,000 | 15,183,000 | 14,893,000 | 14,241,000 | 14,021,000 | 12,805,000 | 12,437,000 | 12,535,000 | 12,208,000 | 11,877,000 | 11,607,000 | 11,223,000 | 11,039,000 | 10,931,000 | 11,002,000 | 11,562,000 | 11,767,000 | 12,200,000 |
| Payables | US$ in thousands | 3,952,000 | 3,511,000 | 3,591,000 | 3,648,000 | 4,143,000 | 3,533,000 | 3,786,000 | 3,945,000 | 4,076,000 | 3,342,000 | 3,279,000 | 3,203,000 | 3,331,000 | 2,810,000 | 2,630,000 | 2,537,000 | 2,780,000 | 2,155,000 | 1,991,000 | 2,073,000 |
| Payables turnover | 3.82 | 4.22 | 4.07 | 4.16 | 3.59 | 4.03 | 3.70 | 3.25 | 3.05 | 3.75 | 3.72 | 3.71 | 3.48 | 3.99 | 4.20 | 4.31 | 3.96 | 5.37 | 5.91 | 5.89 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $15,077,000K ÷ $3,952,000K
= 3.82
The payables turnover ratio of Philip Morris International Inc has exhibited fluctuations over the analyzed period, fluctuating between 3.05 and 5.91. A higher payables turnover ratio indicates the company is paying its suppliers more frequently within a shorter period, which can be a sign of strong liquidity management. On the other hand, a lower payables turnover ratio may suggest a slower payment cycle, potentially signaling liquidity constraints or extended credit terms with suppliers. It is important for stakeholders to closely monitor changes in the payables turnover ratio to assess the efficiency of Philip Morris International Inc's payables management and its overall financial health.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Payables Turnover (Quarterly Data)