PPL Corporation (PPL)

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	787,000	769,000	761,000	747,000	739,000	806,000	874,000	1,010,000	1,023,000	969,000	897,000	790,000	755,000	730,000	712,000	654,000	640,000	641,000	658,000	688,000
Payables	US$ in thousands	1,196,000	920,000	980,000	903,000	1,104,000	1,178,000	975,000	1,133,000	1,201,000	968,000	985,000	686,000	679,000	635,000	683,000	660,000	745,000	864,000	804,000	833,000
Payables turnover		0.66	0.84	0.78	0.83	0.67	0.68	0.90	0.89	0.85	1.00	0.91	1.15	1.11	1.15	1.04	0.99	0.86	0.74	0.82	0.83

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $787,000K ÷ $1,196,000K
= 0.66

The payables turnover ratio for PPL Corporation has fluctuated over the periods provided. It stood at 0.83 on March 31, 2020, and gradually declined to 0.74 on September 30, 2020. Thereafter, the ratio started to improve, reaching 1.15 on March 31, 2022. The ratio then saw some fluctuations but generally remained relatively stable until December 31, 2024, where it decreased to 0.66.

A high payables turnover ratio indicates that the company is efficiently managing its payables by paying suppliers quickly, which can imply strong financial health. On the other hand, a low ratio could suggest delays in payments to suppliers, which could impact relationships or indicate cash flow issues. It is important to monitor this ratio alongside other financial ratios to assess the overall financial performance and liquidity position of PPL Corporation.