Standex International Corporation (SXI)
Payables turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 479,506 | 454,889 | 438,432 | 426,802 | 438,550 | 442,470 | 447,012 | 455,744 | 455,952 | 459,434 | 466,899 | 468,367 | 465,393 | 457,837 | 446,453 | 427,783 | 414,960 | 396,801 | 390,244 | 416,109 |
| Payables | US$ in thousands | 88,001 | 76,488 | 73,390 | 66,505 | 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 |
| Payables turnover | 5.45 | 5.95 | 5.97 | 6.42 | 6.92 | 7.57 | 7.00 | 7.34 | 6.65 | 6.81 | 7.04 | 7.07 | 6.25 | 6.08 | 5.93 | 5.38 | 5.55 | 5.96 | 7.03 | 8.26 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $479,506K ÷ $88,001K
= 5.45
The payables turnover ratio for Standex International Corporation exhibited notable fluctuations over the period from September 30, 2020, through June 30, 2025. Initially, the ratio was approximately 8.26 at the end of September 2020, indicating the company paid its accounts payable roughly 8.26 times during that fiscal period. Subsequently, the ratio demonstrated a declining trend, reaching a low of approximately 5.38 in September 2021. This decline suggests a lengthening of the payment periods to suppliers, potentially reflecting increased reliance on extended payment terms or changes in the company's cash management practices.
Following this trough, the ratio experienced a gradual recovery, rising back to over 7.07 by September 2022, implying a somewhat swifter payment cycle. This upward trend persisted into early 2023, with the ratio reaching around 7.57 at the end of March 2024. The ratio then showed slight declines and fluctuations, moving between approximately 6.42 and 7.57 through subsequent quarters.
Overall, the data suggests that the company's payables turnover ratio has experienced periods of both contraction and expansion, likely driven by operational, financial, or strategic considerations such as supplier negotiations, liquidity management, or the seasonal nature of procurement activities. The trend from above 8 down to around 5.4, then back upward, reflects a dynamic approach to managing short-term liabilities, with current ratios indicating that the company tends to pay its suppliers approximately 5.5 to 7.5 times annually in recent periods.
Peer comparison
Jun 30, 2025