Tetra Tech Inc (TTEK)
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 | 1,044,980 | 1,766,400 | 1,760,727 | 1,750,027 | 772,447 | 39,427 | 39,167 | 36,667 | 34,767 | 34,567 | 39,900 | 38,700 | 39,200 | 38,300 | 768,960 | 1,470,066 | 2,087,816 | 2,699,163 | 2,602,753 | 2,550,148 |
| Payables | US$ in thousands | 207,062 | 173,271 | 188,807 | 235,655 | 151,256 | 147,436 | 138,190 | 128,683 | 142,847 | 128,767 | 132,602 | 124,260 | 135,435 | 111,804 | 113,830 | 120,587 | 140,228 | 206,609 | 179,197 | 135,393 |
| Payables turnover | 5.05 | 10.19 | 9.33 | 7.43 | 5.11 | 0.27 | 0.28 | 0.28 | 0.24 | 0.27 | 0.30 | 0.31 | 0.29 | 0.34 | 6.76 | 12.19 | 14.89 | 13.06 | 14.52 | 18.84 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,044,980K ÷ $207,062K
= 5.05
Based on the data provided in the table, it appears that Tetra Tech, Inc. has consistently reported a payables turnover ratio of 0.00 in all the quarters listed. A payables turnover ratio of 0.00 typically indicates that the company is not effectively utilizing its accounts payable to fund operations or that the company may not have significant payables to turn over.
A consistent payables turnover ratio of 0.00 over multiple quarters may suggest that Tetra Tech, Inc. is not actively managing its accounts payable or is not taking advantage of credit terms with suppliers to optimize cash flow. It could also indicate that the company is effectively managing its working capital and maintaining a strong position with its suppliers.
Overall, a payables turnover ratio of 0.00 should be further investigated to understand the reasons behind this trend and determine if there are any underlying issues affecting Tetra Tech, Inc.'s financial operations and supplier relationships.
Peer comparison
Dec 31, 2023