Vestis Corporation (VSTS)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,011,845 | 1,970,215 | 1,991,607 | 1,983,285 | |||
| Payables | US$ in thousands | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,011,845K ÷ $—K
= —
To calculate Vestis Corporation's payables turnover, we need information on the cost of goods sold (COGS) and the average accounts payable for each respective period. The payables turnover ratio is a liquidity metric that indicates how efficiently a company pays its suppliers. A high payables turnover ratio suggests that the company is paying its suppliers quickly, while a lower ratio may indicate a longer payment period.
To calculate the payables turnover ratio, we use the formula:
Payables Turnover = COGS / Average Accounts Payable
We would need the COGS for each period and the average accounts payable balance for the respective period to compute the payables turnover ratio accurately.
Without the specific data on COGS and average accounts payable for the given periods, we are unable to calculate the payables turnover for Vestis Corporation. It is essential to have the complete financial information to evaluate the efficiency of the company's payables management and its impact on working capital.
Peer comparison
Dec 31, 2023