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', MNTSW's payables turnover was -0.07, indicating how promptly the company pays its suppliers. Industry average for Military/Government/Technical in '2021' stood at 5.39.
• In '2022', MNTSW's payables turnover was 0.01, indicating how promptly the company pays its suppliers. The increase since '2021' reflects strengthening financial performance. Industry average for Military/Government/Technical in '2022' stood at 5.97. Industry average increased by 0.58 compared to previous year.
• In '2023', MNTSW's payables turnover was 0.34, indicating how promptly the company pays its suppliers. The increase since '2022' reflects strengthening financial performance. Industry average for Military/Government/Technical in '2023' stood at 5.85. Industry average declined by 0.12 from previous year.
• In '2024', MNTSW's payables turnover was 0.02, indicating how promptly the company pays its suppliers. The decline from '2023' may indicate some operational or financial challenges. Industry average for Military/Government/Technical in '2024' stood at 5.35. Industry average declined by 0.50 from previous year.
Overall, MNTSW'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.