Republic Services Inc (RSG)

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 10,828,500 10,598,200 10,474,400 10,287,600 9,788,500 9,394,200 8,869,100 8,375,900 8,095,600 5,948,300 5,701,900 5,464,100 5,489,900 7,319,800 7,435,000 7,598,200 7,549,500 7,562,300 7,498,300 7,436,100
Payables US$ in thousands 1,411,500 1,198,200 1,098,400 984,200 1,221,800 1,024,300 1,044,600 846,600 910,000 815,000 728,100 678,300 779,000 646,300 657,400 660,600 777,900 697,200 719,600 629,600
Payables turnover 7.67 8.85 9.54 10.45 8.01 9.17 8.49 9.89 8.90 7.30 7.83 8.06 7.05 11.33 11.31 11.50 9.70 10.85 10.42 11.81

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $10,828,500K ÷ $1,411,500K
= 7.67

The payables turnover of Republic Services, Inc. has shown fluctuations over the past eight quarters. The payables turnover ratio measures how efficiently a company is managing its accounts payable by comparing its purchases to the average accounts payable balance.

In Q4 2023, the payables turnover ratio decreased to 6.34 from the previous quarter's 7.40. This suggests that the company took longer to pay its suppliers compared to the previous quarter.

Comparing to the same quarter in the previous year (Q4 2022), the payables turnover ratio also decreased from 6.72 to 6.34, indicating a slower payment of suppliers relative to the same period last year.

Overall, the trend in payables turnover for Republic Services, Inc. appears to show some variability, with fluctuations in the efficiency of managing accounts payable over the quarters analyzed. It would be important to further investigate the reasons behind these fluctuations to determine the company's overall financial health and operational effectiveness.


Peer comparison

Dec 31, 2023

Company name
Symbol
Payables turnover
Republic Services Inc
RSG
7.67
Waste Management Inc
WM
8.78