Vector Group Ltd (VGR)
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 | 1,085,374 | 1,057,468 | 1,051,299 | 1,046,623 | 998,658 | 954,376 | 874,797 | 815,965 | 769,542 | 1,043,090 | 1,289,071 | 1,424,224 | 1,621,719 | 1,481,107 | 1,393,138 | 1,413,753 | 1,335,886 | 1,414,849 | 1,517,244 | 1,568,172 |
| Payables | US$ in thousands | 6,749 | 6,364 | 7,187 | 5,542 | 6,351 | 5,473 | 7,590 | 7,453 | 9,443 | 15,918 | 10,718 | 15,170 | 6,509 | 11,962 | 12,232 | 13,355 | 10,222 | 14,191 | 9,852 | 11,704 |
| Payables turnover | 160.82 | 166.16 | 146.28 | 188.85 | 157.24 | 174.38 | 115.26 | 109.48 | 81.49 | 65.53 | 120.27 | 93.88 | 249.15 | 123.82 | 113.89 | 105.86 | 130.69 | 99.70 | 154.00 | 133.99 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,085,374K ÷ $6,749K
= 160.82
Vector Group Ltd's payables turnover has shown significant fluctuation over the past eight quarters, ranging from a low of 38.29 in Q3 2022 to a high of 183.71 in Q1 2023. Payables turnover measures how efficiently a company is managing its outstanding supplier payments. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly.
The trend in Vector Group Ltd's payables turnover seems to be quite erratic, with no clear pattern emerging over the quarters analyzed. This variability could suggest changes in the company's payment terms with suppliers, seasonal fluctuations in purchasing activities, or other factors affecting accounts payable management.
Overall, it is important for investors and stakeholders to monitor Vector Group Ltd's payables turnover ratio over time to assess the company's liquidity management and relationships with its suppliers. Further analysis and context about the company's operations and industry dynamics would be needed to provide a more in-depth interpretation of the payables turnover ratio trends.
Peer comparison
Dec 31, 2023