Post Holdings Inc (POST)
Payables turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,351,200 | 5,109,300 | 4,901,800 | 4,704,200 | 4,529,300 | 4,383,700 | 4,220,600 | 3,939,800 | 3,746,100 | 3,742,900 | 3,040,800 | 3,061,000 | 3,278,900 | 3,261,600 | 3,930,900 | 4,008,400 | 3,889,500 | 3,889,000 | 4,053,400 | 4,226,200 |
| Payables | US$ in thousands | 412,600 | 368,800 | 389,200 | 402,700 | 426,300 | 452,700 | 400,700 | 386,000 | 426,000 | 384,200 | 440,900 | 406,500 | 374,000 | 367,900 | 314,600 | 317,100 | 332,100 | 395,600 | 325,400 | 325,500 |
| Payables turnover | 12.97 | 13.85 | 12.59 | 11.68 | 10.62 | 9.68 | 10.53 | 10.21 | 8.79 | 9.74 | 6.90 | 7.53 | 8.77 | 8.87 | 12.49 | 12.64 | 11.71 | 9.83 | 12.46 | 12.98 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,351,200K ÷ $412,600K
= 12.97
Based on the data provided for Post Holdings Inc, the payables turnover ratio has varied over the past eight quarters, ranging from 10.12 to 13.90.
The payables turnover ratio measures how efficiently a company is managing its payables by evaluating how many times during a period the company pays off its average accounts payable balance. A higher payables turnover ratio generally indicates that the company is managing its suppliers well and paying off its obligations more frequently.
The trend for Post Holdings Inc's payables turnover ratio shows slight fluctuations over the quarters, with some quarters exhibiting higher turnover ratios compared to others. This could suggest variations in the company's payment practices and relationships with suppliers during these periods.
It is important to note that while a higher payables turnover ratio is generally favorable, an extremely high ratio may indicate that the company is overly aggressive in paying off its payables, potentially leading to strained relationships with suppliers or missed opportunities for taking advantage of supplier credit terms.
Further analysis and comparison with industry benchmarks or historical data can provide additional insights into Post Holdings Inc's payables management efficiency and financial performance.
Peer comparison
Dec 31, 2023