Construction Partners Inc

NASDAQ ROAD

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Construction Partners Inc Payables Turnover 2 year CAGR for the year ending September 30, 2023: -0.68%

Construction Partners Inc Payables Turnover 2 year CAGR is -0.68% for the year ending September 30, 2023, a 89.95% change year over year. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Construction Partners Inc Payables Turnover for the year ending September 30, 2022 was 8.91, a -2.67% change year over year.
Construction Partners Inc Payables Turnover for the year ending September 30, 2021 was 9.15, a -10.69% change year over year.
Construction Partners Inc Payables Turnover for the year ending September 30, 2020 was 10.25, a 8.52% change year over year.
Construction Partners Inc Payables Turnover for the year ending September 30, 2019 was 9.44, a 3.32% change year over year.

NASDAQ: ROAD

Construction Partners Inc

CEO	Mr. Fred Julius Smith III
IPO Date	May 4, 2018
Location	United States
Headquarters	290 Healthwest Drive, Dothan, AL, United States, 36303
Employees	1,146
Sector	Industrials
Industry	Engineering & construction

Description

Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 2007 and is headquartered in Dothan, Alabama.

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