Sturm Ruger & Company Inc (RGR)
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 | 421,228 | 406,999 | 403,549 | 406,598 | 410,148 | 421,458 | 425,814 | 418,257 | 415,757 | 410,696 | 423,619 | 447,835 | 451,179 | 451,635 | 432,744 | 401,608 | 377,427 | 352,719 | 333,298 | 317,146 |
| Payables | US$ in thousands | 13,170 | — | — | — | 11,100 | — | — | — | 13,281 | — | — | — | 12,209 | — | — | — | 12,796 | — | — | — |
| Payables turnover | 31.98 | — | — | — | 36.95 | — | — | — | 31.30 | — | — | — | 36.95 | — | — | — | 29.50 | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $421,228K ÷ $13,170K
= 31.98
The payables turnover ratio for Sturm Ruger & Company Inc fluctuated over the period from December 31, 2020, to December 31, 2024. The payables turnover ratio measures how effectively a company manages its payments to suppliers. A higher ratio indicates that the company is paying its suppliers more frequently, which can suggest efficient cash management.
From the available data, the payables turnover ratio was 29.50 as of December 31, 2020, increased to 36.95 by the end of December 31, 2021, dropped to 31.30 by December 31, 2022, rose again to 36.95 by December 31, 2023, and reached 31.98 by December 31, 2024.
Although the payables turnover ratio is not high or low relative to other companies in the industry, the fluctuations in the ratio could indicate changes in the company's payment policies or relationships with suppliers. It would be important to further analyze the company's financial statements and industry benchmarks to gain a comprehensive understanding of its payables management efficiency.
Peer comparison
Dec 31, 2024