Somnigroup International Inc. (SGI)
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 | 2,750,800 | 2,724,000 | 2,717,300 | 2,765,300 | 2,796,700 | 2,837,200 | 2,876,000 | 2,863,100 | 2,871,600 | 2,928,500 | 2,967,500 | 2,903,900 | 2,772,100 | 2,588,800 | 2,409,700 | 2,158,100 | 2,038,500 | 1,951,600 | 1,809,900 | 1,820,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | 362,600 | 368,100 | 359,800 | 440,200 | 432,600 | 462,300 | 432,000 | 463,400 | 346,700 | 278,600 | 324,100 | 330,900 | 247,100 | 265,300 |
| Payables turnover | — | — | — | — | — | — | 7.93 | 7.78 | 7.98 | 6.65 | 6.86 | 6.28 | 6.42 | 5.59 | 6.95 | 7.75 | 6.29 | 5.90 | 7.32 | 6.86 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,750,800K ÷ $—K
= —
Somnigroup International Inc.'s payables turnover ratio has shown varying trends over the past few reported periods. The ratio, which measures how quickly the company pays its suppliers, ranged from 5.59 to 7.98 during the period from September 30, 2021, to December 31, 2022.
The payables turnover ratio increased from 5.90 on September 30, 2020, to a peak of 7.98 on December 31, 2022, indicating that the company was managing its accounts payable more efficiently and paying off suppliers at a faster rate during this period.
However, the ratio slightly decreased to 7.78 by March 31, 2023, and further to 7.93 by June 30, 2023. It is important to note that the reported data becomes unavailable after this period, as the data for the subsequent periods from September 30, 2023, to December 31, 2024, is not provided.
Overall, the increasing trend in the payables turnover ratio until December 31, 2022, suggests that Somnigroup International Inc. was effectively managing its payables during that time. However, further analysis beyond June 30, 2023, is required to assess the trend and performance more comprehensively.
Peer comparison
Dec 31, 2024