Standex International Corporation (SXI)
Payables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 622,412 | 637,865 | 641,197 | 648,491 | 648,168 | 650,645 | 656,809 | 659,178 | 650,800 | 645,642 | 632,773 | 610,082 | 594,232 | 524,177 | 506,759 | 500,003 | 501,289 | 544,649 | 558,699 | 569,839 |
| Payables | US$ in thousands | 63,364 | 58,448 | 63,883 | 62,071 | 68,601 | 67,512 | 66,322 | 66,289 | 74,520 | 75,275 | 75,254 | 79,475 | 74,756 | 66,619 | 55,524 | 50,364 | 54,910 | 54,188 | 69,737 | 66,651 |
| Payables turnover | 9.82 | 10.91 | 10.04 | 10.45 | 9.45 | 9.64 | 9.90 | 9.94 | 8.73 | 8.58 | 8.41 | 7.68 | 7.95 | 7.87 | 9.13 | 9.93 | 9.13 | 10.05 | 8.01 | 8.55 |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $622,412K ÷ $63,364K
= 9.82
The payables turnover ratio for Standex International Corporation has been fluctuating over the past few quarters, ranging from a low of 7.68 to a high of 10.91. The ratio indicates the efficiency with which the company is managing its accounts payable. A higher turnover ratio suggests that the company is paying off its suppliers more frequently, which may indicate strong liquidity or good negotiation with suppliers.
In the most recent quarter, the payables turnover ratio was 9.82, indicating that Standex International Corporation was able to pay off its suppliers approximately 9.82 times during the period. This suggests efficient management of its payables.
Overall, the trend in the payables turnover ratio for Standex International Corporation appears to be relatively stable, with slight fluctuations quarter over quarter. It is essential for the company to monitor this ratio consistently to ensure that they are effectively managing their accounts payable and maintaining healthy supplier relationships.
Peer comparison
Jun 30, 2024