Weatherford International PLC (WFRD)
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 | 463,000 | 290,000 | 290,000 | 296,000 | 319,000 | 358,000 | 335,000 | 340,000 | 320,000 | 783,000 | 807,000 | 1,190,000 | 1,280,000 | 2,190,000 | 2,948,000 | 3,335,000 | 4,083,000 | 4,146,000 | 4,244,000 | 4,368,000 |
| Payables | US$ in thousands | 679,000 | 620,000 | 502,000 | 502,000 | 460,000 | 425,000 | 448,000 | 385,000 | 380,000 | 350,000 | 348,000 | 330,000 | 325,000 | 332,000 | 384,000 | 544,000 | 585,000 | 627,000 | 735,000 | 746,000 |
| Payables turnover | 0.68 | 0.47 | 0.58 | 0.59 | 0.69 | 0.84 | 0.75 | 0.88 | 0.84 | 2.24 | 2.32 | 3.61 | 3.94 | 6.60 | 7.68 | 6.13 | 6.98 | 6.61 | 5.77 | 5.86 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $463,000K ÷ $679,000K
= 0.68
Weatherford International plc's payables turnover has shown some fluctuation over the past eight quarters. The payables turnover ratio measures how quickly a company pays its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly.
In the most recent quarter (Q4 2023), the payables turnover ratio was 5.00, which decreased from the previous quarter (Q3 2023) where it was 5.33. This suggests that the company took longer to pay its suppliers in Q4 2023 compared to Q3 2023.
Looking further back, the payables turnover ratio has generally shown a decreasing trend from Q1 2022 to Q4 2023. However, there were some fluctuations in between, with some quarters showing an increase in the ratio.
Overall, the trend in Weatherford International plc's payables turnover ratio indicates that the company has been taking more time to pay its suppliers in recent quarters, which could have implications for its working capital management and relationships with suppliers. It would be important for the company to monitor and manage its payables turnover ratio effectively to ensure optimal cash flow and supplier relationships.
Peer comparison
Dec 31, 2023