Triumph Group Inc (TGI)
Payables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 869,201 | 991,599 | 1,073,060 | 1,476,270 | 2,307,390 |
| Payables | US$ in thousands | 167,349 | 173,575 | 161,534 | 179,473 | 457,694 |
| Payables turnover | 5.19 | 5.71 | 6.64 | 8.23 | 5.04 |
March 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $869,201K ÷ $167,349K
= 5.19
The payables turnover ratio for Triumph Group Inc has fluctuated over the past five years. In March 2024, the company's payables turnover ratio was 5.19, indicating that the company paid its suppliers approximately 5.19 times during the year. This suggests that the company is taking slightly longer to pay off its suppliers compared to the previous year when the ratio was 4.67.
However, when compared to March 2022 and March 2021, the payables turnover ratio was higher, indicating that the company was able to pay off its suppliers more frequently during those years. This could imply that the company had tighter control over its payables and was managing its cash flow efficiently.
On the other hand, in March 2020, the payables turnover ratio was lower at 5.04, suggesting that the company took longer to pay off its suppliers during that year.
Overall, the trend in Triumph Group Inc's payables turnover ratio indicates fluctuations in the company's payment practices over the past five years. It is essential for the company to monitor and manage its payables effectively to maintain good supplier relationships and optimize its cash flow.
Peer comparison
Mar 31, 2024