Post Holdings Inc (POST)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,617,800 | 5,109,300 | 4,383,700 | 3,552,600 | 3,261,600 |
| Payables | US$ in thousands | 483,800 | 368,800 | 452,700 | 384,200 | 367,900 |
| Payables turnover | 11.61 | 13.85 | 9.68 | 9.25 | 8.87 |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,617,800K ÷ $483,800K
= 11.61
The payables turnover ratio measures how efficiently a company is managing its accounts payable by evaluating how many times a company pays off its suppliers during a period. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently.
For Post Holdings Inc, the payables turnover ratio has fluctuated over the past five years. In the most recent fiscal year ending September 30, 2024, the payables turnover ratio was 11.61, showing a decrease from the previous year's ratio of 13.85. This decrease may indicate that Post Holdings Inc extended its payment period to suppliers compared to the prior year, or possibly negotiated more favorable payment terms.
Compared to the ratios in the previous years, the payables turnover ratio for 2024 is still higher than those in 2021, 2020, and slightly lower than that of 2022. Overall, Post Holdings Inc has been effectively managing its accounts payable and maintaining a relatively high turnover ratio, which signifies effective working capital management and a good relationship with suppliers.
Peer comparison
Sep 30, 2024