Apple Inc (AAPL)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 230,945,000 | 232,868,000 | 236,137,000 | 237,866,000 | 245,918,000 | 248,640,000 | 243,951,000 | 242,456,000 | 238,363,000 | 234,954,000 | 226,097,000 | 216,342,000 | 200,418,000 | 189,475,000 | 188,835,000 | 185,007,000 | 184,764,000 | 180,027,000 | 174,538,000 | 169,374,000 |
| Payables | US$ in thousands | 58,146,000 | 62,611,000 | 46,699,000 | 42,945,000 | 57,918,000 | 64,115,000 | 48,343,000 | 52,682,000 | 74,362,000 | 54,763,000 | 40,409,000 | 40,127,000 | 63,846,000 | 42,296,000 | 35,325,000 | 32,421,000 | 45,111,000 | 46,236,000 | 29,115,000 | 30,443,000 |
| Payables turnover | 3.97 | 3.72 | 5.06 | 5.54 | 4.25 | 3.88 | 5.05 | 4.60 | 3.21 | 4.29 | 5.60 | 5.39 | 3.14 | 4.48 | 5.35 | 5.71 | 4.10 | 3.89 | 5.99 | 5.56 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $230,945,000K ÷ $58,146,000K
= 3.97
The payables turnover ratio of Apple Inc has shown fluctuations over the past few quarters. The ratio indicates how many times a company pays off its accounts payable within a certain period.
In the latest quarter, the payables turnover ratio was 3.97, which means Apple paid off its accounts payable approximately 3.97 times during the period. This ratio increased from the previous quarter, suggesting that Apple is managing its payables more efficiently.
Looking further back, the payables turnover ratio has generally been fluctuating within a range. However, there was a noticeable peak in the payables turnover ratio in the second and third quarters of 2021, suggesting that Apple was able to pay off its accounts payable at a faster rate during that time.
Overall, the payables turnover ratio of Apple Inc reflects the company's ability to efficiently manage its accounts payable by making timely payments to suppliers and vendors. It is crucial for investors and analysts to monitor this ratio to assess the company's liquidity, cash flow management, and relationship with its suppliers.
Peer comparison
Dec 31, 2023