Boston Beer Company Inc (SAM)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,119,194 | 1,123,406 | 1,125,121 | 1,141,622 | 1,156,256 | 1,192,442 | 1,204,198 | 1,225,525 | 1,228,348 | 1,194,653 | 1,244,893 | 1,221,541 | 1,259,830 | 1,256,180 | 1,119,440 | 1,034,838 | 921,980 | 835,824 | 774,248 | 691,139 |
| Payables | US$ in thousands | 87,276 | 102,906 | 114,989 | 98,107 | 87,245 | 114,699 | 120,780 | 100,670 | 84,248 | 151,443 | 134,215 | 112,711 | 85,920 | 136,462 | 201,043 | 157,085 | 121,647 | 108,600 | 93,576 | 92,247 |
| Payables turnover | 12.82 | 10.92 | 9.78 | 11.64 | 13.25 | 10.40 | 9.97 | 12.17 | 14.58 | 7.89 | 9.28 | 10.84 | 14.66 | 9.21 | 5.57 | 6.59 | 7.58 | 7.70 | 8.27 | 7.49 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,119,194K ÷ $87,276K
= 12.82
The payables turnover ratio for Boston Beer Company Inc has fluctuated over the given periods from March 31, 2020, to December 31, 2024. The ratio ranged from a low of 5.57 on June 30, 2021, to a high of 14.66 on December 31, 2021.
A higher payables turnover ratio indicates that the company is paying its suppliers more frequently within a year, which may imply efficient management of trade credit terms or better cash flow management. Conversely, a lower ratio may suggest that the company is taking longer to pay its suppliers, potentially leading to strained supplier relationships or missed early payment discounts.
The company's payables turnover ratio has shown some volatility, possibly influenced by changes in the company's payment policies, negotiating terms with suppliers, or managing working capital efficiently. It is important for Boston Beer Company Inc to closely monitor and analyze this ratio to ensure optimal use of resources and maintain healthy relationships with suppliers.
Peer comparison
Dec 31, 2024