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 '2022', IHT's payables turnover was 6.06, indicating how promptly the company pays its suppliers. Industry average for Investment Bankers/Brokers/Service in '2022' stood at 1.91.
• In '2023', IHT's payables turnover was 6.44, indicating how promptly the company pays its suppliers. The increase since '2022' reflects strengthening financial performance. 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', IHT's payables turnover was 6.79, indicating how promptly the company pays its suppliers. The increase since '2023' reflects strengthening financial performance. Industry average for Investment Bankers/Brokers/Service in '2024' stood at 2.24. Industry average increased by 0.25 compared to previous year.
• In '2025', IHT's payables turnover was 8.65, indicating how promptly the company pays its suppliers. The increase since '2024' reflects strengthening financial performance. Industry average for Investment Bankers/Brokers/Service in '2025' stood at 8.65. Industry average increased by 6.41 compared to previous year.
Overall, IHT'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.