Rollins Inc (ROL)
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 | 2,568,301 | 2,482,129 | 2,409,443 | 2,322,174 | 2,277,754 | 2,325,950 | 2,223,764 | 2,110,403 | 2,036,588 | 2,197,773 | 2,141,518 | 2,085,062 | 2,067,918 | 1,557,537 | 1,382,775 | 1,209,233 | 993,593 | 960,543 | 928,112 | 905,551 |
| Payables | US$ in thousands | 49,200 | 44,421 | 74,398 | 39,073 | 42,796 | 42,874 | 50,702 | 38,586 | 44,568 | 38,509 | 74,815 | 66,586 | 64,596 | 56,393 | 48,037 | 36,844 | 35,234 | 32,932 | 37,644 | 27,496 |
| Payables turnover | 52.20 | 55.88 | 32.39 | 59.43 | 53.22 | 54.25 | 43.86 | 54.69 | 45.70 | 57.07 | 28.62 | 31.31 | 32.01 | 27.62 | 28.79 | 32.82 | 28.20 | 29.17 | 24.65 | 32.93 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,568,301K ÷ $49,200K
= 52.20
The payables turnover ratio for Rollins, Inc. fluctuated over the past eight quarters. In Q2 2023, the ratio was at its lowest point of 18.65, indicating that the company took approximately 18.65 days to pay its suppliers. This was a significant decrease from the previous quarter. However, the ratio rebounded in Q3 2023 to 32.14, surpassing the levels seen in the previous quarters.
On average, Rollins, Inc. appeared to maintain a relatively efficient payables turnover performance, with the ratio consistently above 20 across most quarters. Q1 2023 and Q4 2022 stood out as particularly strong periods in terms of managing payables, with ratios of 34.29 and 30.57, respectively.
Overall, based on the payables turnover ratios, Rollins, Inc. has shown variability in its ability to manage its payables efficiently over the past eight quarters, with some quarters exhibiting stronger performance compared to others. It will be essential for the company to continue monitoring and managing its payables effectively to ensure optimal working capital management.
Peer comparison
Dec 31, 2023