Sabre Corpo (SABR)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	1,189,610	1,040,820	691,451	579,010	1,726,160
Payables	US$ in thousands	231,767	171,068	122,934	115,229	187,187
Payables turnover		5.13	6.08	5.62	5.02	9.22

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $1,189,610K ÷ $231,767K
= 5.13

The payables turnover ratio for Sabre Corp has exhibited fluctuations over the past five years. In 2019, the payables turnover ratio was significantly high at 16.21, indicating that the company was able to efficiently manage its accounts payables by paying off its creditors quickly within the year. However, in subsequent years, the payables turnover ratio decreased, reaching its lowest point in 2020 at 5.02.

In 2021, there was a slight improvement in the payables turnover ratio to 5.62, suggesting a more efficient management of accounts payables compared to the previous year. This was followed by another increase in 2022 to 6.08, indicating further enhancement in managing payables.

The most recent data for 2023 shows a payables turnover ratio of 5.03, which has decreased from the previous year. While still higher than the ratio in 2020, this decrease may indicate a potential lengthening in the time it takes for Sabre Corp to pay its suppliers in 2023.

Overall, the trend in payables turnover for Sabre Corp suggests fluctuations in the company's efficiency in managing accounts payables over the past five years, with varying degrees of effectiveness in paying off its creditors in a timely manner.