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