Whirlpool Corporation (WHR)
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 | 18,510,000 | 18,510,000 | 18,448,000 | 19,034,000 | 19,134,000 | 19,607,000 | 19,967,000 | 19,671,000 | 19,973,000 | 18,980,000 | 18,787,000 | 17,991,000 | 17,312,000 | 17,212,000 | 17,398,000 | 18,349,000 | 18,785,000 | 19,161,000 | 19,274,000 | 19,970,000 |
| Payables | US$ in thousands | 3,598,000 | 3,433,000 | 3,520,000 | 3,467,000 | 3,376,000 | 4,445,000 | 5,063,000 | 5,262,000 | 5,413,000 | 5,127,000 | 4,874,000 | 4,673,000 | 4,834,000 | 4,179,000 | 3,328,000 | 4,065,000 | 4,547,000 | 4,229,000 | 4,270,000 | 4,310,000 |
| Payables turnover | 5.14 | 5.39 | 5.24 | 5.49 | 5.67 | 4.41 | 3.94 | 3.74 | 3.69 | 3.70 | 3.85 | 3.85 | 3.58 | 4.12 | 5.23 | 4.51 | 4.13 | 4.53 | 4.51 | 4.63 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $18,510,000K ÷ $3,598,000K
= 5.14
The payables turnover ratio for Whirlpool Corp. has been fluctuating over the past eight quarters. It measures the efficiency of the company in paying off its suppliers. A higher turnover ratio indicates that Whirlpool is paying its suppliers more frequently within the year.
In Q4 2023, the payables turnover ratio was 4.53, slightly lower than in the previous quarter. This may indicate that Whirlpool took slightly longer to pay off its suppliers in this period compared to Q3 2023 when the ratio was 4.74.
Looking at the trend over the past year, the payables turnover ratio has generally been stable, ranging from a low of 3.31 in Q1 2022 to a high of 4.93 in Q4 2022. This indicates that Whirlpool has been managing its payables effectively and consistently.
Overall, the payables turnover ratio suggests that Whirlpool has been efficiently managing its payments to suppliers, with a moderate level of turnover that has remained relatively steady over the past year.
Peer comparison
Dec 31, 2023