Veralto Corporation (VLTO)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,754,000 | 3,748,000 | 3,738,000 |
| Payables | US$ in thousands | 395,000 | 424,000 | 397,000 |
| Payables turnover | 9.50 | 8.84 | 9.42 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,754,000K ÷ $395,000K
= 9.50
Based on the data provided for Veralto Corporation's payables turnover, we observe the following:
1. The payables turnover ratio for the quarter ending June 30, 2024, stands at 9.42. This indicates that Veralto is able to pay off its suppliers approximately 9.42 times during the quarter. A higher turnover ratio suggests that the company is efficiently managing its accounts payable by paying its suppliers more frequently.
2. For the quarter ending September 30, 2024, the payables turnover ratio is reported at 8.84. This represents a slight decrease from the previous quarter's turnover ratio. The lower ratio could imply that the company took longer to pay its suppliers during this period compared to the previous quarter.
3. The payables turnover ratio for the quarter ending December 31, 2024, is calculated at 9.50. This shows an improvement compared to the preceding quarter, indicating that Veralto was able to enhance its ability to settle its payables more frequently during this period.
Overall, Veralto Corporation's payables turnover ratios show variations across the different quarters in the year 2024. It is essential for the company to consistently monitor and manage its payables turnover to ensure efficient cash flow management and healthy supplier relationships.
Peer comparison
Dec 31, 2024