Science Applications International Corporation Common Stock (SAIC)
Payables turnover
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 6,572,000 | 6,773,000 | 6,795,000 | 6,839,000 | 6,816,000 | 6,655,000 | 6,652,000 | 6,644,000 | 6,535,000 | 6,467,000 | 6,391,000 | 6,351,000 | 6,264,000 | 6,120,000 | 5,967,000 | 5,812,000 | 5,673,000 | 5,370,000 | 4,962,000 | 4,556,000 |
| Payables | US$ in thousands | 567,000 | — | — | — | 624,000 | — | — | — | 612,000 | — | — | — | 517,000 | — | — | — | 527,000 | — | — | — |
| Payables turnover | 11.59 | — | — | — | 10.92 | — | — | — | 10.68 | — | — | — | 12.12 | — | — | — | 10.76 | — | — | — |
February 2, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,572,000K ÷ $567,000K
= 11.59
The payables turnover ratio for Science Applications International Corporation Common Stock has shown a fluctuating pattern over the past several quarters. The ratio reveals the company's efficiency in managing its accounts payables by indicating how many times the company pays off its suppliers during a certain period.
From the data provided, it is observed that the payables turnover ratio has been fluctuating between 10.68 and 12.12 times over the disclosed quarters. This variability may suggest changes in the company's payment practices or in the terms negotiated with its suppliers.
A higher payables turnover ratio indicates that the company is efficiently managing its payables by paying off its suppliers more frequently, which can be seen as a positive sign. On the other hand, a lower ratio might imply that the company is taking longer to pay its suppliers, potentially straining relationships or missing out on early payment discounts.
Overall, the trend in Science Applications International Corporation Common Stock payables turnover ratio should be monitored over time to assess the company's payment policies and its impact on cash flows and supplier relationships.
Peer comparison
Feb 2, 2024