Gibraltar Industries Inc (ROCK)
Payables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 678,336 | 659,084 | 646,233 | 642,669 |
| Payables | US$ in thousands | 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 | 72,628 | 103,630 | 83,140 | 84,462 |
| Payables turnover | 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 | 9.34 | 6.36 | 7.77 | 7.61 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,015,770K ÷ $92,124K
= 11.03
The payables turnover ratio of Gibraltar Industries Inc. has varied over the past eight quarters. In Q4 2023, the company's payables turnover was 11.03, indicating that it converted its accounts payable into purchases 11.03 times during the quarter. This represents a significant increase from the previous quarter, Q3 2023, where the turnover was 6.31.
Overall, the company's payables turnover has shown fluctuation over the period analyzed, with values ranging between 6.31 and 11.03. The payables turnover ratio provides insight into how efficiently the company is managing its accounts payable and is an important metric to monitor for liquidity and working capital management purposes.
Investors and analysts can use the payables turnover ratio to assess how effectively Gibraltar Industries Inc. is utilizing its suppliers' credit and whether it is effectively managing its cash flow and working capital. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023