Digiasia Warrant(Faasw) Financials: Payables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - payables turnover
This chart shows the historical trend of payables turnover for FAASW compared to its industry average over the recent years.
Ratio Definition and Interpretation
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 '2021', FAASW's payables turnover was 0.36, indicating how promptly the company pays its suppliers. Industry average for Computer Software: Prepackaged Software in '2021' stood at 3.77.
• In '2022', FAASW's payables turnover was 0.37, indicating how promptly the company pays its suppliers. The increase since '2021' reflects strengthening financial performance. Industry average for Computer Software: Prepackaged Software in '2022' stood at 3.98. Industry average increased by 0.21 compared to previous year.
Overall, FAASW's payables turnover has remained generally stable over the past 2 years.
Formula: Payables Turnover = Cost of Goods Sold / Average Accounts Payable
Good Range: Ranges 5-15 depending on industry.