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', LILA's payables turnover was 4.36, indicating how promptly the company pays its suppliers. Industry average for Cable & Other Pay Television Services in '2021' stood at 4.02.
• In '2022', LILA's payables turnover was 3.75, indicating how promptly the company pays its suppliers. The decline from '2021' may indicate some operational or financial challenges. Industry average for Cable & Other Pay Television Services in '2022' stood at 3.99. Industry average declined by 0.02 from previous year.
• In '2023', LILA's payables turnover was 3.17, indicating how promptly the company pays its suppliers. The decline from '2022' may indicate some operational or financial challenges. Industry average for Cable & Other Pay Television Services in '2023' stood at 3.44. Industry average declined by 0.55 from previous year.
• In '2024', LILA's payables turnover was 3.45, indicating how promptly the company pays its suppliers. The increase since '2023' reflects strengthening financial performance. Industry average for Cable & Other Pay Television Services in '2024' stood at 3.22. Industry average declined by 0.22 from previous year.
Overall, LILA'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.