Ziff Davis Inc (ZD)
Payables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 187,332 | 228,957 | 216,458 | 203,941 |
| Payables | US$ in thousands | 123,256 | 127,818 | 127,145 | 143,966 | 120,829 | — | — | — | 130,978 | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | 1.60 | 1.56 | 1.55 | 1.36 | 1.62 | — | — | — | 1.44 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $197,292K ÷ $123,256K
= 1.60
The payables turnover ratio for Ziff Davis Inc has shown consistency in Q4 2022, Q3 2023, and Q4 2023, indicating that the company is managing its accounts payable efficiently. The ratio has ranged between 1.36 and 1.62 over the last few quarters, with a slight decrease in Q1 2023 compared to the previous quarter. This suggests that the company is taking longer to pay its suppliers in Q1 2023. Further analysis would be required to determine the reasons behind this trend and to assess its impact on the company's working capital management.