Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,357,000 | 2,354,000 | 2,354,000 | 2,200,000 | 2,214,000 | 2,208,000 | 2,075,000 | |||
| Payables | US$ in thousands | 421,000 | 382,000 | 391,000 | 409,000 | 453,000 | 396,000 | 360,000 | 435,000 | 387,000 | 315,000 |
| Payables turnover | 5.60 | 6.16 | 6.02 | 5.38 | 4.89 | 5.58 | 5.76 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,357,000K ÷ $421,000K
= 5.60
The payables turnover ratio for Sylvamo Corp has shown a generally increasing trend over the past five quarters, indicating that the company is becoming more efficient in managing its accounts payable. This trend suggests that Sylvamo Corp is taking fewer days to pay its suppliers, which may improve its relationships with vendors and help in negotiating better payment terms. The highest payables turnover ratio of 7.32 in Q3 2023 indicates that the company was able to convert its accounts payable into cash 7.32 times during that quarter. Overall, a higher payables turnover ratio is favorable as it reflects efficient management of trade credit and working capital.
Peer comparison
Dec 31, 2023