Gaia(Gaia) 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 GAIA 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', GAIA's payables turnover was 1.16, indicating how promptly the company pays its suppliers. Industry average for Movies/Entertainment in '2021' stood at 2.62.
• In '2022', GAIA's payables turnover was 1.33, indicating how promptly the company pays its suppliers. The increase since '2021' reflects strengthening financial performance. Industry average for Movies/Entertainment in '2022' stood at 4.66. Industry average increased by 2.04 compared to previous year.
• In '2023', GAIA's payables turnover was 1.20, indicating how promptly the company pays its suppliers. The decline from '2022' may indicate some operational or financial challenges. Industry average for Movies/Entertainment in '2023' stood at 3.94. Industry average declined by 0.72 from previous year.
• In '2024', GAIA's payables turnover was 1.03, indicating how promptly the company pays its suppliers. The decline from '2023' may indicate some operational or financial challenges. Industry average for Movies/Entertainment in '2024' stood at 2.77. Industry average declined by 1.17 from previous year.
Overall, GAIA's payables turnover has consistently declined during the past 4 years.
Formula: Payables Turnover = Cost of Goods Sold / Average Accounts Payable
Good Range: Ranges 5-15 depending on industry.