Simpson Manufacturing Company Inc (SSD)
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 | 1,728,689 | 1,715,993 | 1,692,354 | 1,681,241 | 1,664,530 | 1,635,995 | 1,633,141 | 1,640,514 | 1,589,385 | 1,515,027 | 1,380,693 | 1,234,220 | 1,152,385 | 1,089,371 | 1,068,972 | 1,016,317 | 972,371 | 948,833 | 924,794 | 923,236 |
| Payables | US$ in thousands | 100,972 | 110,321 | 104,670 | 102,997 | 107,524 | 95,267 | 97,847 | 95,302 | 97,841 | 98,646 | 112,968 | 76,390 | 57,215 | 62,405 | 60,268 | 66,236 | 48,271 | 42,271 | 49,149 | 44,505 |
| Payables turnover | 17.12 | 15.55 | 16.17 | 16.32 | 15.48 | 17.17 | 16.69 | 17.21 | 16.24 | 15.36 | 12.22 | 16.16 | 20.14 | 17.46 | 17.74 | 15.34 | 20.14 | 22.45 | 18.82 | 20.74 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,728,689K ÷ $100,972K
= 17.12
The payables turnover ratio for Simpson Manufacturing Company Inc reflects how efficiently the company is managing its accounts payable. A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly, while a lower ratio suggests that payments are being delayed.
Based on the data provided, the payables turnover ratio for Simpson Manufacturing has fluctuated over the years. The ratio ranged from a high of 22.45 in September 2020 to a low of 12.22 in June 2022. This variability may indicate changes in the company's payment practices, supplier relationships, or overall operations.
It is essential to consider industry norms and compare Simpson Manufacturing's payables turnover ratio to its competitors to gain a clearer understanding of its performance in managing its payables. Further analysis and investigation into the reasons behind the fluctuations in the payables turnover ratio would provide deeper insights into the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024