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', LEE's payables turnover was 1.46, indicating how promptly the company pays its suppliers. Industry average for Newspapers/Magazines in '2021' stood at 3.24.
• In '2022', LEE's payables turnover was 1.23, indicating how promptly the company pays its suppliers. The decline from '2021' may indicate some operational or financial challenges. Industry average for Newspapers/Magazines in '2022' stood at 3.94. Industry average increased by 0.70 compared to previous year.
• In '2023', LEE's payables turnover was 0.78, indicating how promptly the company pays its suppliers. The decline from '2022' may indicate some operational or financial challenges. Industry average for Newspapers/Magazines in '2023' stood at 4.39. Industry average increased by 0.45 compared to previous year.
• In '2024', LEE's payables turnover was 0.46, indicating how promptly the company pays its suppliers. The decline from '2023' may indicate some operational or financial challenges. Industry average for Newspapers/Magazines in '2024' stood at 4.41. Industry average increased by 0.01 compared to previous year.
Overall, LEE'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.