Stericycle Inc (SRCL)
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 | 2,639,700 | 2,651,700 | 2,668,800 | 2,670,500 | 2,693,700 | 2,737,000 | 2,781,600 | 2,756,300 | 2,704,300 | 2,659,600 | 2,575,400 | 2,538,100 | 2,710,400 | 2,261,900 | 2,632,000 | 2,895,600 | 2,978,800 | 3,295,400 | 2,811,100 | 2,467,600 |
| Payables | US$ in thousands | 212,100 | 202,500 | 207,000 | 195,300 | 213,500 | 200,400 | 207,100 | 210,900 | 218,900 | 211,200 | 176,900 | 195,100 | 181,200 | 156,100 | 149,600 | 203,600 | 220,100 | 216,900 | 229,400 | 210,700 |
| Payables turnover | 12.45 | 13.09 | 12.89 | 13.67 | 12.62 | 13.66 | 13.43 | 13.07 | 12.35 | 12.59 | 14.56 | 13.01 | 14.96 | 14.49 | 17.59 | 14.22 | 13.53 | 15.19 | 12.25 | 11.71 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,639,700K ÷ $212,100K
= 12.45
To analyze Stericycle Inc.'s payables turnover, we calculated the payables turnover ratio for the company for each quarter as per the provided data. The payables turnover ratio measures how efficiently a company is managing its accounts payable by comparing the amount owed to suppliers to the company's average accounts payable balance.
The payables turnover ratios for Stericycle Inc. over the past eight quarters ranged from 7.75 to 8.62. The trend indicates that the company consistently maintains a relatively high payables turnover, suggesting a good management of its accounts payable. A higher payables turnover ratio typically indicates that the company is paying its suppliers more quickly, which could be advantageous in terms of maintaining good relationships with suppliers and potentially negotiating better terms in the future.
Overall, Stericycle Inc.'s payables turnover ratio appears stable and indicates efficient management of its accounts payable over the analyzed period. However, it would be useful to compare this ratio with industry benchmarks or historical data to gain further insights into the company's performance in managing its accounts payable effectively.
Peer comparison
Dec 31, 2023