Axcelis Technologies Inc (ACLS)
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 | 639,302 | 623,440 | 586,652 | 554,381 | 518,209 | 477,879 | 452,207 | 413,471 | 375,983 | 329,007 | 291,069 | 278,875 | 275,976 | 270,159 | 246,787 | 218,277 | 198,806 | 197,515 | 214,104 | 241,881 |
| Payables | US$ in thousands | 54,400 | 60,061 | 60,504 | 60,473 | 62,346 | 54,020 | 49,410 | 50,759 | 38,025 | 35,499 | 40,695 | 40,476 | 24,013 | 24,260 | 30,270 | 26,089 | 25,341 | 21,320 | 21,771 | 29,641 |
| Payables turnover | 11.75 | 10.38 | 9.70 | 9.17 | 8.31 | 8.85 | 9.15 | 8.15 | 9.89 | 9.27 | 7.15 | 6.89 | 11.49 | 11.14 | 8.15 | 8.37 | 7.85 | 9.26 | 9.83 | 8.16 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $639,302K ÷ $54,400K
= 11.75
The payables turnover ratio for Axcelis Technologies Inc has shown a generally increasing trend over the past eight quarters. From Q1 2022 to Q4 2023, the ratio has increased from 8.15 to 11.75, indicating that the company has been able to pay off its accounts payable more frequently over time.
A higher payables turnover ratio suggests that the company is managing its accounts payable more efficiently, possibly negotiating better payment terms with suppliers or optimizing its cash flow management. This could also indicate stronger working capital management and potentially better relationships with suppliers.
The increasing trend in the payables turnover ratio for Axcelis Technologies Inc is a positive sign as it reflects improving efficiency in managing its accounts payable, which can have a positive impact on the company's overall liquidity and financial health. It is important for investors and stakeholders to monitor this trend to ensure sustainable cash flow management and supplier relationships over time.
Peer comparison
Dec 31, 2023