Triumph Group Inc (TGI)
Payables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 863,826 | 869,201 | 991,599 | 1,073,060 | 1,476,270 |
| Payables | US$ in thousands | 162,917 | 167,349 | 173,575 | 161,534 | 179,473 |
| Payables turnover | 5.30 | 5.19 | 5.71 | 6.64 | 8.23 |
March 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $863,826K ÷ $162,917K
= 5.30
The payables turnover ratio for Triumph Group Inc has experienced a gradual decrease over the years, declining from 8.23 in March 31, 2021, to 5.30 in March 31, 2025. This trend indicates a slower rate at which the company is paying off its accounts payable obligations relative to its purchases or cost of goods sold. A decreasing payables turnover ratio may suggest a potential inefficiency in managing supplier payments, possibly indicating a longer payment cycle or potential liquidity constraints. Further analysis of the company's working capital management and cash flow position may be warranted to understand the underlying factors contributing to this decline in payables turnover ratio.
Peer comparison
Mar 31, 2025