Post Holdings Inc (POST)
Payables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,617,800 | 5,577,100 | 5,564,500 | 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 |
| Payables | US$ in thousands | 483,800 | 392,600 | 396,300 | 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 |
| Payables turnover | 11.61 | 14.21 | 14.04 | 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 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,617,800K ÷ $483,800K
= 11.61
The payables turnover ratio for Post Holdings Inc has exhibited fluctuations over the past few quarters. In the most recent period ending Sep 30, 2024, the payables turnover ratio was 11.61, indicating that the company pays its suppliers approximately 11.61 times a year on average. This represents a decrease from the previous quarter's ratio of 14.21 but is still relatively higher than the ratios observed in the earlier periods.
The trend over the past year shows that the payables turnover ratio has generally been on an upward trajectory, reaching a peak of 14.21 in Jun 30, 2024. This trend suggests that the company has been managing its accounts payable more efficiently and paying its suppliers more frequently compared to the previous year.
A high payables turnover ratio can indicate that the company is efficiently managing its working capital by paying off its suppliers quickly. However, a very high ratio could also signify that the company is too aggressive in settling its payables, potentially impacting supplier relationships or missing out on potential discounts for early payment.
Conversely, a low payables turnover ratio may suggest that the company is taking longer to pay its bills, potentially strain relationships with suppliers or indicating inefficiencies in managing working capital.
Overall, while the recent slight decrease in payables turnover from the previous quarter may warrant some attention, the generally increasing trend over the past year indicates improved efficiency in managing payables for Post Holdings Inc.
Peer comparison
Sep 30, 2024