John Wiley & Sons (WLY)
Payables turnover
| 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 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,688,136 | 1,827,084 | 1,884,393 | 1,887,773 | 1,934,621 | 1,982,639 | 1,902,469 | 1,919,476 | 1,975,079 | 1,862,943 | 1,821,406 | 1,780,144 | 1,661,642 | 1,958,143 | 1,945,572 | 1,925,199 | 1,928,127 | 2,293,774 | 2,077,554 | 1,869,197 |
| Payables | US$ in thousands | 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 | 93,691 | 63,838 | 74,425 | 60,213 |
| Payables turnover | 30.33 | 40.61 | 38.84 | 43.19 | 22.94 | 61.22 | 41.13 | 33.87 | 25.51 | 24.28 | 35.53 | 28.61 | 17.35 | 26.85 | 35.43 | 36.63 | 20.58 | 35.93 | 27.91 | 31.04 |
April 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,688,136K ÷ $55,659K
= 30.33
The payables turnover ratio for John Wiley & Sons has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is managing its accounts payable by measuring the number of times a company pays off its suppliers in a given period.
The trend in payables turnover suggests that the company's ability to manage its payables has varied. A higher payables turnover ratio generally indicates that the company is paying off its suppliers more quickly, which could be a positive sign indicating strong cash flow management. Conversely, a lower ratio may signal that the company is taking longer to settle its payables.
In the most recent quarter, the payables turnover ratio was 30.33, indicating that John Wiley & Sons paid off its suppliers approximately 30 times during the year. This is a significant decrease from the previous quarter's ratio of 40.61. The recent decrease in the payables turnover ratio may suggest a change in the company's payment practices or the impact of external factors on its cash management.
It is important to consider the payables turnover ratio in conjunction with other financial metrics and factors affecting the business to gain a comprehensive understanding of John Wiley & Sons' financial performance and efficiency in managing its working capital. Further analysis and monitoring of the payables turnover ratio will be necessary to assess trends and identify any areas that may require attention or improvement.
Peer comparison
Apr 30, 2024