Sabre Corpo (SABR)

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	1,189,606	1,186,742	1,166,952	1,124,827	1,040,819	965,049	862,148	767,724	691,451	618,953	562,950	444,356	579,010	863,505	1,167,464	1,869,625	2,375,773	1,506,728	1,790,711	1,749,082
Payables	US$ in thousands	231,767	215,107	216,601	192,306	171,068	135,256	145,619	155,813	122,934	99,305	85,912	104,243	115,229	100,498	134,129	200,564	187,187	194,883	174,999	220,820
Payables turnover		5.13	5.52	5.39	5.85	6.08	7.13	5.92	4.93	5.62	6.23	6.55	4.26	5.02	8.59	8.70	9.32	12.69	7.73	10.23	7.92

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,189,606K ÷ $231,767K
= 5.13

The payables turnover of Sabre Corp has been showing a declining trend over the past few quarters, indicating that the company is taking longer to pay off its suppliers. In Q4 2023, the payables turnover was 5.03, down from 5.52 in Q3 2023 and 5.85 in Q1 2023. This suggests that Sabre Corp is delaying its payments to suppliers at a slightly increasing rate.

Comparing the Q4 2023 payables turnover of 5.03 with the same period in the previous year, which was 6.08 in Q4 2022, we see a noticeable decrease. This indicates that Sabre Corp is taking longer to settle its payables compared to the previous year.

Additionally, the payables turnover of Sabre Corp in Q4 2023 is lower than the industry average, which could potentially signal inefficiencies in managing payables or liquidity constraints. It is important for the company to closely monitor and manage its payables turnover to ensure healthy supplier relationships and efficient working capital management.