Liveramp Holdings Inc (RAMP)

Payables turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cost of revenue	US$ in thousands	215,910	179,489	170,084	147,427	144,004
Payables	US$ in thousands	112,271	81,202	86,568	83,197	39,955
Payables turnover		1.92	2.21	1.96	1.77	3.60

March 31, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $215,910K ÷ $112,271K
= 1.92

The payables turnover ratio for Liveramp Holdings Inc has exhibited fluctuations over the past few years. In March 2021, the payables turnover was 3.60 times, indicating that the company was able to efficiently manage its accounts payable during that period. However, there was a significant decline in the ratio to 1.77 times by March 2022, suggesting a potential deterioration in the company's ability to pay off its suppliers in a timely manner.

Subsequently, there was a slight improvement in the payables turnover ratio to 1.96 times by March 2023, although it remained below the 2021 level. By March 2024, the ratio further increased to 2.21 times, indicating a better management of accounts payable compared to the previous year.

Notably, the data for March 31, 2025 is not available (indicated by the dash), making it challenging to analyze the most recent performance. Overall, it is essential for Liveramp Holdings Inc to monitor its payables turnover ratio closely to ensure efficient utilization of its working capital and maintain healthy relationships with its suppliers.