Boston Beer Company Inc (SAM)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,119,190 | 1,156,260 | 1,228,350 | 1,259,830 | 921,980 |
| Payables | US$ in thousands | 87,276 | 87,245 | 84,248 | 85,920 | 121,647 |
| Payables turnover | 12.82 | 13.25 | 14.58 | 14.66 | 7.58 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,119,190K ÷ $87,276K
= 12.82
The payables turnover ratio for Boston Beer Company Inc has exhibited a consistent upward trend from 2020 to 2022, indicating an improvement in the company's ability to efficiently manage its accounts payable. The ratio peaked at 14.66 in December 31, 2021, demonstrating that Boston Beer was able to turn over its payables 14.66 times during that period. However, there was a slight decrease in the payables turnover ratio in 2023 and 2024, suggesting a potential lengthening of the time it takes for the company to pay its suppliers. Overall, the company's payables turnover ratio remains relatively strong, reflecting effective management of its trade payables during the period under review.
Peer comparison
Dec 31, 2024