John Wiley & Sons (WLY)
Payables turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 444,307 | 469,975 | 522,935 | 571,549 | 606,503 | 644,051 | 660,923 | 675,611 | 692,541 | 705,388 | 704,253 | 708,733 | 700,658 | 681,691 | 666,411 | 646,482 | 625,335 | 607,889 | 604,177 | 592,737 |
| Payables | US$ in thousands | 60,948 | 53,220 | 40,358 | 38,641 | 55,659 | 44,992 | 48,512 | 43,713 | 84,325 | 32,384 | 46,250 | 56,677 | 77,438 | 76,743 | 51,271 | 62,230 | 95,791 | 72,937 | 54,911 | 52,556 |
| Payables turnover | 7.29 | 8.83 | 12.96 | 14.79 | 10.90 | 14.31 | 13.62 | 15.46 | 8.21 | 21.78 | 15.23 | 12.50 | 9.05 | 8.88 | 13.00 | 10.39 | 6.53 | 8.33 | 11.00 | 11.28 |
April 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $444,307K ÷ $60,948K
= 7.29
The payables turnover ratio for John Wiley & Sons demonstrates notable fluctuations over the examined period from July 31, 2020, to April 30, 2025. Initially, the ratio was relatively high at 11.28 times in July 2020, indicating that the company was settling its payables approximately 11 times annually, reflecting efficient management of short-term liabilities. Over subsequent quarters, there was a gradual decline, reaching a low of 6.53 times in April 2021, which suggests a slowdown in paying suppliers or possibly a strategic shift toward extending payment terms.
From mid-2021 onward, the ratio exhibited an increasing trend, peaking at 21.78 times in January 2023. This jump signals a period where the company accelerated its payments or reduced its supplier credit terms, improving payables turnover and cash flow management. Following this peak, a decline reemerged, with the ratio dropping to around 8.21 times in April 2023, then rebounding to approximately 15.46 times in July 2023. The ratio then experienced moderate oscillations, settling around 12.96 times in October 2024, before decreasing again to approximately 7.29 times by April 2025.
Overall, the observed pattern indicates periods of aggressive creditor management characterized by higher turnover ratios, as well as phases where extended payment periods lowered the ratio. Variability in the ratio may reflect strategic adjustments in supply chain and cash management policies, seasonal influences, or broader economic conditions affecting liquidity and supplier relations.
Peer comparison
Apr 30, 2025