Ziff Davis Inc (ZD)
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 | 200,323 | 201,515 | 203,798 | 198,629 | 197,292 | 199,524 | 196,601 | 195,184 | 195,554 | 190,425 | 187,520 | 190,301 | 188,053 | 148,983 | 155,107 | 163,124 | 178,403 | 186,092 | 191,986 | 195,450 |
| Payables | US$ in thousands | 164,352 | 371,498 | 367,888 | 360,153 | 123,256 | 127,818 | 127,145 | 143,966 | 120,829 | — | — | — | 130,978 | — | — | — | — | — | — | — |
| Payables turnover | 1.22 | 0.54 | 0.55 | 0.55 | 1.60 | 1.56 | 1.55 | 1.36 | 1.62 | — | — | — | 1.44 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $200,323K ÷ $164,352K
= 1.22
The payables turnover ratio for Ziff Davis Inc indicates how efficiently the company is managing its accounts payable by measuring the number of times the company pays off its suppliers during a specific period.
Looking at the data provided:
- The payables turnover ratio was not available for March 2020 to June 2022.
- In December 2021, the payables turnover ratio was 1.44, which means the company paid its suppliers approximately 1.44 times during that period.
- The ratio then increased to 1.62 by December 2022, indicating an improvement in the company's ability to pay off its suppliers.
- However, the ratio decreased to 0.55 by March 2024 and remained consistent at that level for the subsequent quarters until December 2024.
The decreasing trend in the payables turnover ratio from 2024 indicates that Ziff Davis Inc's ability to pay off its suppliers decreased during these periods. This could suggest potential liquidity issues or challenges in managing its accounts payable efficiently. The company may need to reassess its payment policies and supplier relationships to improve its payables turnover ratio.