AT&T Inc (T)
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 | 83,870,000 | 66,862,000 | 80,720,000 | 80,999,000 | 83,715,000 | 66,535,000 | 69,432,000 | 72,897,000 | 73,720,000 | 86,609,000 | 87,484,000 | 90,237,000 | 89,925,000 | 82,052,000 | 82,517,000 | 80,743,000 | 81,845,000 | 74,331,000 | 74,325,000 | 72,076,000 |
Payables | US$ in thousands | 27,309,000 | — | — | — | 31,101,000 | — | — | — | 29,511,000 | — | — | — | 31,836,000 | — | — | — | 29,640,000 | — | — | — |
Payables turnover | 3.07 | — | — | — | 2.69 | — | — | — | 2.50 | — | — | — | 2.82 | — | — | — | 2.76 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $83,870,000K ÷ $27,309,000K
= 3.07
Based on the available data, AT&T, Inc.'s payables turnover ratio for Q4 2023 stands at 1.84. This indicates that the company was able to turn over its accounts payable approximately 1.84 times during the fourth quarter of 2023. The increase in payables turnover from 1.63 in Q4 2022 to 1.84 in Q4 2023 suggests a more efficient management of accounts payable during this period. It is important to note the missing data for the other quarters of 2023, which limits a comprehensive trend analysis. Overall, a higher payables turnover ratio signifies a shorter period for the company to pay off its suppliers, potentially improving its liquidity and working capital management.
Peer comparison
Dec 31, 2023