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', IMTE's payables turnover was 0.42, indicating how promptly the company pays its suppliers. Industry average for Consumer Electronics/Appliances in '2020' stood at 2.22.
• In '2021', IMTE's payables turnover was 0.06, indicating how promptly the company pays its suppliers. The decline from '2020' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Appliances in '2021' stood at 3.74. Industry average increased by 1.52 compared to previous year.
• In '2022', IMTE's payables turnover was 0.58, indicating how promptly the company pays its suppliers. The increase since '2021' reflects strengthening financial performance. Industry average for Consumer Electronics/Appliances in '2022' stood at 3.74. Industry average declined by 0.00 from previous year.
• In '2023', IMTE's payables turnover was 0.56, indicating how promptly the company pays its suppliers. The decline from '2022' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Appliances in '2023' stood at 3.57. Industry average declined by 0.18 from previous year.
Overall, IMTE'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.