Xerox Corp (XRX)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,898,000 | 2,054,000 | 2,030,000 | 1,978,000 | 2,233,000 |
| Payables | US$ in thousands | 1,023,000 | 1,044,000 | 1,331,000 | 1,069,000 | 983,000 |
| Payables turnover | 1.86 | 1.97 | 1.53 | 1.85 | 2.27 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,898,000K ÷ $1,023,000K
= 1.86
The payables turnover ratio of Xerox Corp has shown some fluctuations over the past five years.
In December 2020, the payables turnover was 2.27, indicating that the company was able to pay off its accounts payable 2.27 times during that year. The ratio decreased to 1.85 by December 2021, which could suggest a slower payment cycle or possibly changes in the company's payment terms with suppliers.
By December 2022, the payables turnover ratio further decreased to 1.53, signaling a potential lengthening of the company's accounts payable period. However, there was a slight recovery in December 2023, with the ratio increasing to 1.97, indicating a relatively better management of accounts payable during that year.
In the most recent year, December 2024, the payables turnover ratio was 1.86, showing a similar level compared to the previous year. This could imply that Xerox Corp maintained a consistent pace in managing its payables during this period.
Overall, the trend in Xerox Corp's payables turnover ratio suggests some variability in the management of its accounts payable over the years, with potential implications for the company's working capital management and relationships with suppliers.
Peer comparison
Dec 31, 2024