Ziff Davis Inc (ZD)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 197,292 | 195,554 | 188,053 | 178,403 | 187,332 |
| Payables | US$ in thousands | 123,256 | 120,829 | 130,978 | — | — |
| Payables turnover | 1.60 | 1.62 | 1.44 | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $197,292K ÷ $123,256K
= 1.60
The payables turnover ratio for Ziff Davis Inc has been relatively stable over the last two years, with values of 1.60 in 2023 and 1.62 in 2022. This indicates that the company is able to manage its accounts payable effectively, with a slight decrease in the turnover ratio from 2022 to 2023.
However, the lack of data for 2021 and prior years limits a more comprehensive analysis of the trend in payables turnover. It would be helpful to have additional historical data to evaluate the consistency and efficiency of Ziff Davis Inc's payables management over a longer period.
Overall, the current payables turnover ratio suggests that Ziff Davis Inc is efficiently managing its accounts payable obligations, but further analysis with additional data would provide a more complete picture of the company's performance in this area.