T-Mobile US Inc (TMUS)
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 | 24,065,000 | 24,303,000 | 24,665,000 | 26,088,000 | 25,939,000 | 25,171,000 | 24,982,000 | 23,345,000 | 23,044,000 | 16,499,000 | 16,473,000 | 17,896,000 | 16,555,000 | 20,174,000 | 18,278,000 | 15,232,000 | 14,802,000 | 14,604,000 | 14,274,000 | 18,218,000 |
| Payables | US$ in thousands | 5,573,000 | 4,603,000 | 5,465,000 | 6,429,000 | 7,213,000 | 6,822,000 | 6,292,000 | 6,739,000 | 6,499,000 | 4,101,000 | 3,855,000 | 4,559,000 | 5,564,000 | 3,862,000 | 4,960,000 | — | 4,322,000 | — | — | — |
| Payables turnover | 4.32 | 5.28 | 4.51 | 4.06 | 3.60 | 3.69 | 3.97 | 3.46 | 3.55 | 4.02 | 4.27 | 3.93 | 2.98 | 5.22 | 3.69 | — | 3.42 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $24,065,000K ÷ $5,573,000K
= 4.32
The payables turnover ratio for T-Mobile US Inc has fluctuated over the past eight quarters. The ratio indicates the number of times a company pays off its accounts payable within a specific period.
In Q3 2023, the payables turnover ratio was the highest at 7.83, indicating that T-Mobile US Inc paid off its suppliers and vendors nearly 8 times during that quarter. This may suggest efficient management of accounts payable and a strong relationship with suppliers, potentially benefiting from discounts for early payment.
In contrast, the ratio was the lowest in Q4 2022 at 5.02, showing a slower turnover of payables during that quarter. However, the ratio improved in subsequent quarters, reflecting a more efficient use of working capital.
Overall, T-Mobile US Inc's payables turnover has shown some variability but generally remains within a reasonable range, indicating effective management of accounts payable and relationships with suppliers.