Whirlpool Corporation (WHR)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 16,357,000 | 16,965,000 | 17,828,000 | 18,485,000 | 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 |
| Payables | US$ in thousands | 3,530,000 | 3,456,000 | 3,420,000 | 3,404,000 | 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 |
| Payables turnover | 4.63 | 4.91 | 5.21 | 5.43 | 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $16,357,000K ÷ $3,530,000K
= 4.63
The payables turnover ratio for Whirlpool Corporation has fluctuated over the past few years. It increased from 4.51 in March 2020 to 5.67 in December 2022 before experiencing a slight decrease. This ratio measures how efficiently the company is managing its accounts payable by indicating how many times a company pays off its average accounts payable balance during a period.
A higher payables turnover ratio generally indicates that the company is managing its payments to suppliers efficiently and is able to settle its obligations in a timely manner. Conversely, a decreasing ratio could suggest that the company is taking longer to pay its suppliers, which may strain relationships or lead to potential liquidity issues.
It is important for investors and stakeholders to monitor changes in the payables turnover ratio over time to assess the company's liquidity, operational efficiency, and relationships with suppliers. Additionally, comparing Whirlpool Corporation's payables turnover ratio with industry benchmarks or competitors can provide further insights into its performance in managing payables effectively.
Peer comparison
Dec 31, 2024