Silgan Holdings Inc (SLGN)
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 | 5,441,540 | 5,415,720 | 5,633,660 | 5,815,720 | 5,907,380 | 5,853,020 | 5,584,770 | 5,389,900 | 5,196,400 | 5,017,440 | 4,842,030 | 4,525,775 | 4,187,131 | 4,071,543 | 3,803,063 | 3,760,338 | 3,776,186 | 3,802,635 | 3,791,795 | 3,767,998 |
| Payables | US$ in thousands | 1,075,910 | 651,991 | 751,758 | 716,487 | 974,030 | 688,383 | 880,862 | 850,532 | 1,133,320 | 761,018 | 727,523 | 629,494 | 802,541 | 592,881 | 601,740 | 504,481 | 727,053 | 550,557 | 598,484 | 536,909 |
| Payables turnover | 5.06 | 8.31 | 7.49 | 8.12 | 6.06 | 8.50 | 6.34 | 6.34 | 4.59 | 6.59 | 6.66 | 7.19 | 5.22 | 6.87 | 6.32 | 7.45 | 5.19 | 6.91 | 6.34 | 7.02 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,441,540K ÷ $1,075,910K
= 5.06
Silgan Holdings Inc.'s payables turnover ratio fluctuated over the past eight quarters, ranging from a low of 4.64 to a high of 7.82. The payables turnover ratio measures how efficiently the company is managing its accounts payable by paying off suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently.
In the most recent quarter (Q4 2023), the payables turnover ratio was 4.64, indicating that Silgan Holdings Inc. took longer to pay off its suppliers compared to the previous quarter. This could be due to various factors such as changes in payment terms or cash flow constraints.
On average, Silgan Holdings Inc. maintained a relatively stable payables turnover ratio over the past eight quarters, ranging between 5.51 and 7.82. A consistent payables turnover ratio suggests that the company has been effectively managing its accounts payable and maintaining positive relationships with its suppliers.
Overall, further analysis and consideration of the company's operational and financial circumstances are needed to fully assess the implications of the fluctuations in Silgan Holdings Inc.'s payables turnover ratio.
Peer comparison
Dec 31, 2023