Standex International Corporation (SXI)
Payables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 489,471 | 438,634 | 455,952 | 465,393 | 414,971 |
| Payables | US$ in thousands | 88,001 | 63,364 | 68,601 | 74,520 | 74,756 |
| Payables turnover | 5.56 | 6.92 | 6.65 | 6.25 | 5.55 |
June 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $489,471K ÷ $88,001K
= 5.56
The payables turnover for Standex International Corporation has exhibited an overall upward trend from June 30, 2021, through June 30, 2024, before experiencing a decline in the subsequent year. Specifically, the ratio increased from 5.55 times in 2021 to 6.25 times in 2022, then further rose to 6.65 times in 2023, indicating an improvement in the company’s ability to settle its trade payables more quickly relative to its cost of goods sold or purchases within that period. This upward movement suggests a potential tightening of payment terms or enhanced liquidity management. In June 2024, the payables turnover continued its positive trajectory, reaching 6.92 times, reflecting an even faster turnover rate. However, in the following year, the ratio decreased notably to 5.56 times in June 2025, signaling a possible elongation in the average period taken to pay suppliers or a strategic change in payment practices. Overall, the fluctuations in the payables turnover ratio suggest periods of improved supplier payment efficiency followed by a reversion to longer payable periods, which may impact the company's working capital management and supplier relationships.
Peer comparison
Jun 30, 2025