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', FRHC's payables turnover was 3.87, indicating how promptly the company pays its suppliers. Industry average for Investment Bankers/Brokers/Service in '2021' stood at 1.53.
• In '2022', FRHC's payables turnover was 3.58, indicating how promptly the company pays its suppliers. The decline from '2021' may indicate some operational or financial challenges. Industry average for Investment Bankers/Brokers/Service in '2022' stood at 1.91. Industry average increased by 0.39 compared to previous year.
• In '2023', FRHC's payables turnover was 2.10, indicating how promptly the company pays its suppliers. The decline from '2022' may indicate some operational or financial challenges. Industry average for Investment Bankers/Brokers/Service in '2023' stood at 1.99. Industry average increased by 0.08 compared to previous year.
• In '2024', FRHC's payables turnover was 0.88, indicating how promptly the company pays its suppliers. The decline from '2023' may indicate some operational or financial challenges. Industry average for Investment Bankers/Brokers/Service in '2024' stood at 2.24. Industry average increased by 0.25 compared to previous year.
Overall, FRHC's payables turnover has been volatile but showed a downward trend over the past 4 years.

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

Good Range: Ranges 5-15 depending on industry.