UGI Corporation (UGI)

Payables turnover

Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019
Cost of revenue US$ in thousands 9,820,000 8,061,000 4,707,000 5,148,000 4,400,300
Payables US$ in thousands 613,000 891,000 837,000 475,000 439,000
Payables turnover 16.02 9.05 5.62 10.84 10.02

September 30, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $9,820,000K ÷ $613,000K
= 16.02

The payables turnover ratio for UGI Corp. has fluctuated over the past five years. In 2023, the ratio stood at 11.32, which indicates that the company was able to turn over its accounts payable 11.32 times during the year. This represents a significant improvement from the previous year's ratio of 6.70 and reflects a more efficient management of its payables. However, it is important to note that the ratio has been somewhat volatile in recent years, having been at 3.12 in 2021 before increasing to 6.63 in 2020 and 9.85 in 2019. This variability could be indicative of changes in the company's payment policies, supplier relationships, or operational efficiency. Overall, the increasing trend in the payables turnover ratio suggests that UGI Corp. has been improving its ability to manage and pay off its accounts payable in a timely manner.


Peer comparison

Sep 30, 2023

Company name
Symbol
Payables turnover
UGI Corporation
UGI
16.02
Sempra Energy
SRE
1.28