Name: Payables Turnover

Definition: Payables turnover shows how fast the company pays its suppliers for goods or services bought on credit. A high turnover means the company pays suppliers quickly, which may reflect strong cash flow or favorable terms. A very low turnover might mean the company is stretching payments to preserve cash — or possibly experiencing financial strain.

Interpretation:
• In '2020', AGAE's payables turnover was 0.28, indicating how promptly the company pays its suppliers. Industry average for Services-Misc. Amusement & Recreation in '2020' stood at 0.28.
• In '2021', AGAE's payables turnover was 0.76, indicating how promptly the company pays its suppliers. The increase since '2020' reflects strengthening financial performance. Industry average for Services-Misc. Amusement & Recreation in '2021' stood at 3.19. Industry average increased by 2.92 compared to previous year.
• In '2022', AGAE's payables turnover was 14.61, indicating how promptly the company pays its suppliers. The increase since '2021' reflects strengthening financial performance. Industry average for Services-Misc. Amusement & Recreation in '2022' stood at 3.20. Industry average increased by 0.00 compared to previous year.
• In '2023', AGAE's payables turnover was 13.91, indicating how promptly the company pays its suppliers. The decline from '2022' may indicate some operational or financial challenges. Industry average for Services-Misc. Amusement & Recreation in '2023' stood at 2.98. Industry average declined by 0.21 from previous year.
Overall, AGAE's payables turnover has been volatile but showed an upward trend over the past 4 years.

Formula: Payables Turnover = Cost of Goods Sold / Average Accounts Payable

Good Range: Ranges 5-15 depending on industry.