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', WGSWW's payables turnover was 4.84, indicating how promptly the company pays its suppliers. Industry average for Retail: Computer Software & Peripheral Equipment in '2021' stood at 3.82.
• In '2022', WGSWW's payables turnover was 5.39, indicating how promptly the company pays its suppliers. The increase since '2021' reflects strengthening financial performance. 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', WGSWW's payables turnover was 3.68, 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', WGSWW's payables turnover was 10.49, indicating how promptly the company pays its suppliers. The increase since '2023' reflects strengthening financial performance. Industry average for Retail: Computer Software & Peripheral Equipment in '2024' stood at 4.08. Industry average declined by 0.17 from previous year.
Overall, WGSWW'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.