Apple Inc (AAPL)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 236,449,000 | 239,069,000 | 248,640,000 | 234,954,000 | 189,475,000 |
| Payables | US$ in thousands | 68,960,000 | 62,611,000 | 64,115,000 | 54,763,000 | 42,296,000 |
| Payables turnover | 3.43 | 3.82 | 3.88 | 4.29 | 4.48 |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $236,449,000K ÷ $68,960,000K
= 3.43
Apple Inc's payables turnover ratio has shown a decreasing trend over the past five years. The ratio decreased from 4.48 in 2020 to 3.43 in 2024, indicating that the company takes longer to pay its suppliers in 2024 compared to previous years. A lower payables turnover ratio may suggest a potential liquidity issue, as the company is holding onto its payables for a longer period. This could be due to various factors such as changes in payment terms with suppliers, operational challenges, or cash flow management strategies. It is important for investors and analysts to further investigate the reasons behind this decrease in payables turnover to assess the implications for Apple Inc's financial health and operational efficiency.
Peer comparison
Sep 30, 2024