Rockwell Automation Inc (ROK)
Payables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 7,256,100 | 7,681,000 | 7,679,500 | 7,729,600 | 7,586,000 | 7,057,700 | 6,841,300 | 6,569,700 | 6,487,200 | 6,321,800 | 6,234,200 | 6,091,700 | 5,816,000 | 5,556,800 | 5,246,100 | 5,150,600 | 5,239,600 | 5,359,800 | 5,446,300 | 5,445,800 |
| Payables | US$ in thousands | 860,400 | 844,200 | 903,200 | 935,000 | 1,150,200 | 1,009,100 | 992,400 | 1,034,500 | 1,028,000 | 989,200 | 932,100 | 851,300 | 889,800 | 890,200 | 806,200 | 721,100 | 687,800 | 667,000 | 742,500 | 708,300 |
| Payables turnover | 8.43 | 9.10 | 8.50 | 8.27 | 6.60 | 6.99 | 6.89 | 6.35 | 6.31 | 6.39 | 6.69 | 7.16 | 6.54 | 6.24 | 6.51 | 7.14 | 7.62 | 8.04 | 7.34 | 7.69 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,256,100K ÷ $860,400K
= 8.43
Rockwell Automation Inc's payables turnover has shown fluctuations over the past few years. The payables turnover ratio measures how efficiently a company pays its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly.
Looking at the data provided, the payables turnover ratio has generally been above 6, indicating that Rockwell Automation Inc is managing its payables effectively. The ratio peaked at 9.10 in June 2024, suggesting that the company was paying its suppliers at a faster rate during that period.
It is essential to consider the industry average and compare Rockwell Automation Inc's payables turnover ratio with its competitors to gain a more comprehensive understanding of its performance in managing payables. Additionally, further analysis of the company's cash flow and working capital management practices can provide insights into the efficiency of its payables turnover.
Peer comparison
Sep 30, 2024