US Foods Holding Corp (USFD)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 37,265,000 | 36,583,000 | 36,010,000 | 35,344,000 | 34,918,000 | 34,567,000 | 34,390,000 | 34,376,000 | 33,781,000 | 32,952,000 | 31,998,000 | 30,861,000 | 29,369,000 | 27,920,000 | 25,947,000 | 23,038,000 | 23,238,000 | 22,621,000 | 23,192,000 | 24,809,000 |
| Payables | US$ in thousands | 2,231,000 | 2,395,000 | 2,349,000 | 2,273,000 | 2,051,000 | 2,249,000 | 2,137,000 | 2,134,000 | 1,855,000 | 2,180,000 | 2,062,000 | 2,077,000 | 1,662,000 | 1,963,000 | 1,904,000 | 1,733,000 | 1,218,000 | 1,543,000 | 1,914,000 | 1,299,000 |
| Payables turnover | 16.70 | 15.27 | 15.33 | 15.55 | 17.02 | 15.37 | 16.09 | 16.11 | 18.21 | 15.12 | 15.52 | 14.86 | 17.67 | 14.22 | 13.63 | 13.29 | 19.08 | 14.66 | 12.12 | 19.10 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $37,265,000K ÷ $2,231,000K
= 16.70
The payables turnover ratio of US Foods Holding Corp has shown fluctuations over the period analyzed. It ranged from a low of 12.12 in June 30, 2020, to a high of 19.10 in March 31, 2020. The ratio indicates how efficiently the company is managing its payables by measuring the number of times payables are paid within a specific period.
During the period under review, the payables turnover ratio generally remained above 13, indicating that US Foods Holding Corp typically pays its suppliers more than once a quarter. This suggests a relatively efficient management of trade payables. However, there were periods where the ratio decreased, potentially signaling a slower rate of payment to suppliers.
Overall, the trend in payables turnover ratio suggests that US Foods Holding Corp has been effectively managing its payables over the analyzed period, but variations in the ratio indicate changes in the company's payment practices and liquidity management. It is essential for stakeholders to monitor these fluctuations to assess the company's financial health and management of working capital.
Peer comparison
Dec 31, 2024