SPX Corp (SPXC)
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 | 1,415,900 | 1,030,700 | 970,000 | 922,200 | 969,000 | 961,300 | 920,500 | 871,000 | 836,300 | 1,241,500 | 1,282,100 | 1,343,300 | 1,418,000 | 1,403,900 | 1,406,400 | 1,414,100 | 1,416,100 | 1,416,100 | 1,428,700 | 1,438,500 |
| Payables | US$ in thousands | 118,700 | 131,700 | 131,000 | 120,000 | 124,500 | 125,200 | 116,200 | 111,000 | 119,600 | 112,300 | 86,800 | 135,000 | 102,100 | 134,500 | 137,900 | 148,000 | 141,200 | 132,500 | 135,900 | 142,200 |
| Payables turnover | 11.93 | 7.83 | 7.40 | 7.68 | 7.78 | 7.68 | 7.92 | 7.85 | 6.99 | 11.06 | 14.77 | 9.95 | 13.89 | 10.44 | 10.20 | 9.55 | 10.03 | 10.69 | 10.51 | 10.12 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,415,900K ÷ $118,700K
= 11.93
The payables turnover ratio for SPX Corp has fluctuated over the past five years. In the most recent quarter ending December 31, 2023, the company's payables turnover was 11.93, indicating that the company paid its suppliers approximately 11.93 times during the year. This represents an improvement compared to the previous quarter.
Looking at the trend over the past few years, the payables turnover ratio has shown variability, with some quarters exhibiting higher turnover rates than others. Generally, a higher payables turnover ratio suggests that the company is managing its payables efficiently by paying suppliers more frequently within a given period. This could be indicative of strong supplier relationships and effective working capital management.
However, it's important to note that an excessively high payables turnover ratio could also indicate aggressive payment terms that may strain supplier relationships. On the other hand, a consistently low payables turnover ratio could suggest inefficiencies in managing payables or potentially delaying payments to suppliers.
Overall, monitoring the payables turnover ratio is crucial for assessing a company's liquidity, operational efficiency, and supplier management practices.
Peer comparison
Dec 31, 2023