John Wiley & Sons (WLY)
Payables turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,669,540 | 1,914,620 | 1,865,080 | 1,722,680 | 1,984,560 |
| Payables | US$ in thousands | 55,659 | 84,325 | 77,438 | 95,791 | 93,691 |
| Payables turnover | 30.00 | 22.71 | 24.08 | 17.98 | 21.18 |
April 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,669,540K ÷ $55,659K
= 30.00
The payables turnover ratio measures how efficiently a company manages its accounts payable by showing how many times during a period the company pays off its suppliers on average.
John Wiley & Sons' payables turnover has shown an increasing trend over the past five years, indicating an improvement in the company's ability to pay off its suppliers. The payables turnover ratio increased from 21.18 in 2020 to 30.00 in 2024, reaching its highest level in the last five years.
A higher payables turnover ratio generally indicates that the company is effectively managing its payables by paying off its suppliers more frequently. This can be a positive sign as it may suggest good relationships with suppliers or efficient cash flow management.
Overall, the increasing trend in John Wiley & Sons' payables turnover suggests a strengthening ability to manage and meet its payment obligations to suppliers efficiently over the years.
Peer comparison
Apr 30, 2024