XPO Logistics Inc (XPO)
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 | 4,086,000 | 4,067,000 | 4,014,000 | 3,941,000 | 3,869,000 | 2,886,000 | 4,388,000 | 6,044,000 | 8,023,000 | 10,805,000 | 11,108,000 | 11,829,000 | 12,039,000 | 9,196,000 | 9,163,000 | 8,369,000 | 7,865,000 | 7,883,000 | 7,874,000 | 8,098,000 |
| Payables | US$ in thousands | 477,000 | 445,000 | 477,000 | 570,000 | 532,000 | 473,000 | 464,000 | 505,000 | 521,000 | 1,022,000 | 1,153,000 | 1,330,000 | 519,000 | 963,000 | 1,293,000 | 1,329,000 | 854,000 | 1,025,000 | 840,000 | 1,057,000 |
| Payables turnover | 8.57 | 9.14 | 8.42 | 6.91 | 7.27 | 6.10 | 9.46 | 11.97 | 15.40 | 10.57 | 9.63 | 8.89 | 23.20 | 9.55 | 7.09 | 6.30 | 9.21 | 7.69 | 9.37 | 7.66 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,086,000K ÷ $477,000K
= 8.57
The payables turnover ratio for XPO Logistics Inc has shown fluctuating trends over the years. It was relatively stable between March 2020 and September 2021, ranging from 6.30 to 9.55. However, there was a significant spike in December 2021, reaching 23.20, indicating that the company was able to pay off its payables more frequently during that period.
Subsequently, the payables turnover ratio decreased but remained at relatively higher levels between March 2022 and June 2024, ranging from 6.91 to 9.63. This suggests that XPO Logistics was maintaining a good pace in settling its payables during this time.
Overall, the payables turnover ratio for XPO Logistics Inc has shown variability, with periods of both improvement and decline. It is crucial to monitor this ratio closely as it can provide insights into the company's efficiency in managing its accounts payable and liquidity position.
Peer comparison
Dec 31, 2024