John Wiley & Sons (WLY)
Payables turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 483,202 | 579,722 | 692,541 | 700,658 | 625,335 |
| Payables | US$ in thousands | 60,948 | 55,659 | 84,325 | 77,438 | 95,791 |
| Payables turnover | 7.93 | 10.42 | 8.21 | 9.05 | 6.53 |
April 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $483,202K ÷ $60,948K
= 7.93
The payables turnover ratio for John Wiley & Sons demonstrates a notable upward trend over the period from April 30, 2021, to April 30, 2024. Specifically, the ratio increased from 6.53 in 2021 to 9.05 in 2022, indicating an improvement in the company’s ability to pay its suppliers more frequently within the fiscal year. The ratio then experienced a slight decline to 8.21 in 2023, which may suggest a temporary elongation in the days payable period or changes in payment strategies. However, the ratio increased again to 10.42 in 2024, reflecting a significant acceleration in payment frequency and a more efficient management of accounts payable.
The rising payables turnover ratio suggests that the company has been able to pay its suppliers more quickly relative to its purchases, enhancing supplier relationships and potentially obtaining better credit terms. The fluctuation observed around 2023 could be due to various factors such as changes in procurement practices, supply chain adjustments, or strategic modifications in working capital management. Overall, the trend indicates an improving liquidity position in managing short-term obligations related to payables, prudently balancing supplier relationships with cash flow considerations. The absence of data for 2025 prevents any projection beyond this period.
Peer comparison
Apr 30, 2025