AT&T Inc (T)

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	55,743,000	97,120,000	83,625,000	83,797,000	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
Payables	US$ in thousands	27,433,000	—	—	—	27,309,000	—	—	—	31,101,000	—	—	—	29,511,000	—	—	—	31,836,000	—	—	—
Payables turnover		2.03	—	—	—	3.07	—	—	—	2.69	—	—	—	2.50	—	—	—	2.82	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $55,743,000K ÷ $27,433,000K
= 2.03

The payables turnover ratio for AT&T Inc has shown some fluctuations over the years based on the provided data. The ratio indicates how efficiently the company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a certain period.

As of December 31, 2020, the payables turnover ratio was 2.82, which means that AT&T Inc paid off its accounts payable approximately 2.82 times during that period. The ratio decreased to 2.50 by December 31, 2021, suggesting a slightly slower rate of paying off suppliers.

By December 31, 2022, the payables turnover ratio increased to 2.69, indicating a more efficient management of accounts payable compared to the previous year. The trend continued, with a further increase to 3.07 by December 31, 2023, suggesting that AT&T Inc was paying its suppliers more frequently during that period.

However, the payables turnover ratio dropped to 2.03 by December 31, 2024, signaling a potential delay in payment to suppliers compared to the previous year. Further analysis of the underlying reasons for these fluctuations would be required to assess the implications for the company's financial management and supplier relationships.