Union Pacific Corporation (UNP)
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 | 10,195,000 | 10,199,000 | 10,496,000 | 10,588,000 | 10,452,000 | 9,826,000 | 9,214,000 | 8,715,000 | 8,351,000 | 8,153,000 | 7,890,000 | 7,536,000 | 7,607,000 | 7,867,000 | 8,198,000 | 8,755,000 | 8,981,000 | 9,530,000 | 9,804,000 | 9,973,000 |
| Payables | US$ in thousands | 856,000 | 936,000 | 894,000 | 952,000 | 784,000 | 916,000 | 896,000 | 868,000 | 752,000 | 683,000 | 612,000 | 634,000 | 612,000 | 649,000 | 595,000 | 711,000 | 749,000 | 711,000 | 746,000 | 794,000 |
| Payables turnover | 11.91 | 10.90 | 11.74 | 11.12 | 13.33 | 10.73 | 10.28 | 10.04 | 11.11 | 11.94 | 12.89 | 11.89 | 12.43 | 12.12 | 13.78 | 12.31 | 11.99 | 13.40 | 13.14 | 12.56 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $10,195,000K ÷ $856,000K
= 11.91
Based on the data provided for Union Pacific Corp., the payables turnover ratio for all quarters analyzed is consistently reported as 0.00. This suggests that the company is not effectively utilizing its accounts payable to support its operational activities. A low or zero payables turnover ratio can indicate inefficiencies in managing supplier payments or potential cash flow issues. Further investigation into the company's payables management practices and relationships with suppliers may be warranted to assess the impact on its financial performance and liquidity.
Peer comparison
Dec 31, 2023
See also:
Union Pacific Corporation Payables Turnover (Quarterly Data)