Powell Industries Inc (POWL)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 824,156 | 630,568 | 518,395 | 462,913 | 493,163 |
| Payables | US$ in thousands | 73,633 | 56,666 | 63,423 | 45,247 | 35,029 |
| Payables turnover | 11.19 | 11.13 | 8.17 | 10.23 | 14.08 |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $824,156K ÷ $73,633K
= 11.19
Powell Industries Inc's payables turnover has shown fluctuating trends over the past five years. The payables turnover ratio measures how many times a company pays off its accounts payable during a specific period.
In the most recent fiscal year ending September 30, 2024, the payables turnover ratio was 11.19, indicating that Powell Industries Inc paid off its accounts payable approximately 11.19 times during that year. This represents a slight increase compared to the previous year's ratio of 11.13.
Looking further back, the payables turnover ratio was 8.17 in September 2022, 10.23 in September 2021, and 14.08 in September 2020. These figures suggest a significant increase in the speed of accounts payable turnover from 2022 to 2023, followed by some fluctuations in subsequent years.
Overall, Powell Industries Inc's payables turnover has varied over the past five years, and it is essential to dig deeper to understand the reasons behind these fluctuations and evaluate the company's management of its accounts payable effectively.
Peer comparison
Sep 30, 2024