Lifeway Foods Inc

NASDAQ LWAY

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Lifeway Foods Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2024: 4.45

Lifeway Foods Inc Accounts Payable Turnover Ratio is 4.45 for the Trailing 12 Months (TTM) ending March 31, 2024, a 1.77% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues.

Lifeway Foods Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 4.38, a -2.04% change year over year.
Lifeway Foods Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 4.47, a -7.62% change year over year.
Lifeway Foods Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 4.84, a 35.05% change year over year.
Lifeway Foods Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 3.58, a -9.16% change year over year.

NASDAQ: LWAY

Lifeway Foods Inc

CEO	Ms. Julie Smolyansky
IPO Date	Sept. 29, 1987
Location	United States
Headquarters	6431 West Oakton Street, Morton Grove, IL, United States, 60053
Employees	288
Sector	Consumer Defensive
Industry	Packaged foods

Description

Lifeway Foods, Inc. produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream. It sells its products under the Lifeway, GlenOaks Farms, and Fresh Made brand names, as well as under private labels on behalf of customers primarily through direct sales force, brokers, and distributors. Lifeway Foods, Inc. was incorporated in 1986 and is based in Morton Grove, Illinois.

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