Telephone and Data Systems Inc (TDS)

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	2,350,000	1,803,000	1,833,000	1,827,000	1,798,000	1,774,000	1,741,000	1,727,000	1,705,000	1,735,000	1,721,000	1,703,000	1,726,000	1,726,000	1,751,000	1,774,000	1,760,000	1,764,000	1,745,000	2,307,000
Payables	US$ in thousands	360,000	550,000	364,000	344,000	506,000	506,000	443,000	388,000	481,000	466,000	374,000	360,000	508,000	399,000	349,000	378,000	374,000	386,000	367,000	400,000
Payables turnover		6.53	3.28	5.04	5.31	3.55	3.51	3.93	4.45	3.54	3.72	4.60	4.73	3.40	4.33	5.02	4.69	4.71	4.57	4.75	5.77

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,350,000K ÷ $360,000K
= 6.53

Telephone And Data Systems, Inc.'s payables turnover ratio has exhibited some fluctuation over the past eight quarters. The highest payables turnover ratio was recorded in Q1 2023 at 7.49, indicating that the company took approximately 7.49 quarters to pay off its accounts payable during that period. This suggests the company was managing its accounts payable efficiently during that quarter.

In comparison, the lowest payables turnover ratio was seen in Q3 2023 at 4.34, which implies that the company took longer to pay off its accounts payable during that quarter.

Overall, the payables turnover ratio for Telephone And Data Systems, Inc. has shown variability, with some quarters performing better than others in terms of managing its accounts payable effectively. Further analysis would be required to understand the reasons behind these fluctuations and assess the company's overall financial health.