Triumph Group Inc (TGI)
Payables turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 620,377 | 878,399 | 872,962 | 941,463 | 975,120 | 988,034 | 1,013,263 | 959,933 | 991,599 | 1,005,385 | 997,512 | 1,051,785 | 1,073,063 | 1,147,939 | 1,256,364 | 1,376,101 | 1,476,266 | 1,673,310 | 1,878,839 | 2,119,003 |
| Payables | US$ in thousands | 162,917 | 121,775 | 145,566 | 128,167 | 167,349 | 133,550 | 154,955 | 152,905 | 169,873 | 166,501 | 154,588 | 132,734 | 161,534 | 168,894 | 142,600 | 164,753 | 179,473 | 195,300 | 242,475 | 299,269 |
| Payables turnover | 3.81 | 7.21 | 6.00 | 7.35 | 5.83 | 7.40 | 6.54 | 6.28 | 5.84 | 6.04 | 6.45 | 7.92 | 6.64 | 6.80 | 8.81 | 8.35 | 8.23 | 8.57 | 7.75 | 7.08 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $620,377K ÷ $162,917K
= 3.81
The payables turnover ratio for Triumph Group Inc has shown fluctuation over the past few years. 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 specific period.
For Triumph Group Inc:
- The payables turnover ratio ranged from a low of 5.83 in March 2024 to a high of 8.81 in September 2021.
- The highest ratio suggests that the company was able to pay off its accounts payable nearly 8.81 times during that period, indicating efficient management of its payables.
- However, the ratio dropped to 6.45 in September 2022 and further decreased to 5.83 in March 2024, which may indicate a slowdown in payment of accounts payable or potentially a change in payment terms with suppliers.
- The ratio stood at 7.35 in June 2024, showing a slight improvement from the previous period.
- Notably, there is missing data for the payables turnover ratio for March 2025.
Overall, the payables turnover ratio for Triumph Group Inc demonstrates variations over time, reflecting fluctuations in the company's ability to manage its accounts payable efficiently. It is essential for the company to analyze the reasons behind these fluctuations and ensure effective management of payables to maintain financial health and supplier relationships.
Peer comparison
Mar 31, 2025