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', INGM's payables turnover was 5.13, indicating how promptly the company pays its suppliers. Industry average for Retail: Computer Software & Peripheral Equipment in '2021' stood at 3.82.
• In '2022', INGM's payables turnover was 4.80, indicating how promptly the company pays its suppliers. The decline from '2021' may indicate some operational or financial challenges. Industry average for Retail: Computer Software & Peripheral Equipment in '2022' stood at 4.92. Industry average increased by 1.10 compared to previous year.
• In '2023', INGM's payables turnover was 4.66, indicating how promptly the company pays its suppliers. The decline from '2022' may indicate some operational or financial challenges. Industry average for Retail: Computer Software & Peripheral Equipment in '2023' stood at 4.25. Industry average declined by 0.67 from previous year.
• In '2024', INGM's payables turnover was 4.63, indicating how promptly the company pays its suppliers. The decline from '2023' may indicate some operational or financial challenges. Industry average for Retail: Computer Software & Peripheral Equipment in '2024' stood at 4.08. Industry average declined by 0.17 from previous year.
Overall, INGM'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.