Tyson Foods Inc (TSN)
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 | 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 | 37,383,000 | 36,298,000 | 35,501,000 |
| Payables | US$ in thousands | 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 | 1,926,000 | 1,958,000 | 1,710,000 |
| Payables turnover | 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 | 19.41 | 18.54 | 20.76 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $50,454,000K ÷ $2,623,000K
= 19.24
The payables turnover ratio for Tyson Foods Inc has shown a fluctuating trend over the past several quarters, ranging from a low of 18.21 to a high of 22.12. This ratio measures how efficiently the company is managing its accounts payable by indicating how many times during a period the company pays off its suppliers.
A higher payables turnover ratio generally suggests that the company is effectively managing its payables by paying them off quickly. Tyson Foods Inc has demonstrated relatively high payables turnover ratios, which may indicate favorable payment terms with suppliers or efficient cash management practices.
However, the fluctuation in the ratio could also indicate changes in the company's payment practices or relationships with suppliers over time. It would be important to further analyze the reasons behind these fluctuations to assess the overall effectiveness of Tyson Foods Inc's payables management.
Peer comparison
Dec 31, 2023