Tyson Foods Inc (TSN)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 49,682,000 | 50,250,000 | 46,614,000 | 40,523,000 | 37,801,000 |
| Payables | US$ in thousands | 2,402,000 | 2,594,000 | 2,483,000 | 2,225,000 | 1,876,000 |
| Payables turnover | 20.68 | 19.37 | 18.77 | 18.21 | 20.15 |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $49,682,000K ÷ $2,402,000K
= 20.68
Tyson Foods Inc's payables turnover has shown a steady improvement over the past five years, increasing from 20.15 in 2020 to 20.68 in 2024. This indicates that the company has been more efficient in managing its payables by paying off its suppliers more frequently. A higher payables turnover ratio suggests that the company is able to settle its outstanding obligations within a shorter period, which could be beneficial in maintaining good relationships with suppliers and potentially negotiating better terms. Overall, the increasing trend in payables turnover reflects positively on Tyson Foods Inc's liquidity management and operational efficiency in managing its trade payables.
Peer comparison
Sep 30, 2024