Gibraltar Industries Inc (ROCK)
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 | 956,936 | 978,817 | 996,507 | 1,007,550 | 1,015,770 | 1,014,711 | 1,026,086 | 1,034,589 | 1,071,272 | 1,095,073 | 1,084,439 | 1,075,219 | 1,049,772 | 983,908 | 916,104 | 838,269 | 776,235 | 646,524 | 650,885 | 660,359 |
| Payables | US$ in thousands | 117,408 | 163,295 | 140,888 | 127,533 | 92,124 | 160,742 | 155,464 | 129,661 | 106,582 | 157,167 | 160,058 | 159,214 | 172,286 | 165,940 | 168,917 | 135,130 | 134,738 | 131,746 | 116,853 | 102,816 |
| Payables turnover | 8.15 | 5.99 | 7.07 | 7.90 | 11.03 | 6.31 | 6.60 | 7.98 | 10.05 | 6.97 | 6.78 | 6.75 | 6.09 | 5.93 | 5.42 | 6.20 | 5.76 | 4.91 | 5.57 | 6.42 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $956,936K ÷ $117,408K
= 8.15
The payables turnover ratio for Gibraltar Industries Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 6.42 on March 31, 2020, decreased to a low of 4.91 on September 30, 2020, and then gradually increased to reach 8.15 on December 31, 2024.
The average payables turnover ratio for the period under review was 6.62. This indicates that, on average, Gibraltar Industries Inc was able to turn over its accounts payables approximately 6.62 times during the period.
A higher payables turnover ratio suggests that the company is managing its payables efficiently by paying off its creditors frequently. Conversely, a lower ratio may indicate that the company is taking longer to pay its creditors, which could potentially strain relationships with suppliers.
It is important for management to monitor this ratio closely to ensure appropriate management of payables, optimizing cash flow, and maintaining positive relationships with suppliers.
Peer comparison
Dec 31, 2024