Tyson Foods Inc (TSN)
Payables turnover
| 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 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 49,682,000 | 50,066,000 | 50,054,000 | 50,454,000 | 50,250,000 | 49,791,000 | 49,212,000 | 47,988,000 | 46,614,000 | 44,519,000 | 43,493,000 | 42,158,000 | 40,523,000 | 40,038,000 | 37,889,000 | 37,709,000 | 37,801,000 | 37,696,000 | 38,536,000 | 37,920,000 |
| Payables | US$ in thousands | 2,402,000 | 2,291,000 | 2,244,000 | 2,623,000 | 2,594,000 | 2,421,000 | 2,387,000 | 2,530,000 | 2,483,000 | 2,306,000 | 2,269,000 | 2,115,000 | 2,225,000 | 1,950,000 | 1,900,000 | 1,997,000 | 1,876,000 | 1,743,000 | 1,742,000 | 1,916,000 |
| Payables turnover | 20.68 | 21.85 | 22.31 | 19.24 | 19.37 | 20.57 | 20.62 | 18.97 | 18.77 | 19.31 | 19.17 | 19.93 | 18.21 | 20.53 | 19.94 | 18.88 | 20.15 | 21.63 | 22.12 | 19.79 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $49,682,000K ÷ $2,402,000K
= 20.68
The payables turnover ratio for Tyson Foods Inc has shown some fluctuations over the past several quarters. The ratio measures how efficiently the company is managing its accounts payable by comparing the cost of goods sold to the average accounts payable balance.
From December 2019 to September 2020, the payables turnover ratio ranged from 18.88 to 22.31, indicating that the company was able to convert its accounts payable into cash a varying number of times during each period. There was a noticeable peak in March 2020 at 22.31, suggesting that Tyson Foods Inc was effectively managing its payables during that quarter.
Although the ratio has shown some volatility, the overall trend seems to be stable around the 20 mark, with minor fluctuations in either direction. This indicates that the company has been consistent in its ability to efficiently manage its accounts payable and pay off its liabilities in a timely manner.
It is important for investors and analysts to continue monitoring the payables turnover ratio to assess Tyson Foods Inc's liquidity and ability to meet its short-term obligations.
Peer comparison
Sep 30, 2024