United Parcel Service Inc (UPS)
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 | 57,919,000 | 58,872,000 | 58,948,000 | 59,488,000 | 59,505,000 | 57,946,000 | 56,967,000 | 56,189,000 | 55,669,000 | 40,567,000 | 40,065,000 | 39,039,000 | 37,336,000 | 37,237,000 | 35,855,000 | 34,436,000 | 33,645,000 | 35,967,000 | 38,937,000 | 42,445,000 |
| Payables | US$ in thousands | 6,340,000 | 5,972,000 | 6,085,000 | 6,302,000 | 7,515,000 | 6,731,000 | 7,168,000 | 7,036,000 | 7,523,000 | 6,445,000 | 6,563,000 | 6,305,000 | 6,455,000 | 5,609,000 | 5,271,000 | 4,779,000 | 5,555,000 | 4,218,000 | 4,291,000 | 3,907,000 |
| Payables turnover | 9.14 | 9.86 | 9.69 | 9.44 | 7.92 | 8.61 | 7.95 | 7.99 | 7.40 | 6.29 | 6.10 | 6.19 | 5.78 | 6.64 | 6.80 | 7.21 | 6.06 | 8.53 | 9.07 | 10.86 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $57,919,000K ÷ $6,340,000K
= 9.14
The payables turnover ratio for United Parcel Service, Inc. has been consistently calculated as 0.00 for each quarter from Q1 2022 to Q4 2023. This indicates that the company is not effectively managing its accounts payable during these periods. A payables turnover ratio of 0.00 suggests that the company is not utilizing its accounts payable efficiently to support its operations or may not have significant payables relative to its purchases or cost of goods sold. Further investigation into the company's payment policies, vendor relationships, and cash flow management practices may be necessary to understand the underlying reasons for this consistent ratio.
See also:
United Parcel Service Inc Payables Turnover (Quarterly Data)