ADEIA CORP (ADEA)

Payables turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Cost of revenue (ttm) US$ in thousands 187,817 191,411 195,768 199,237 198,294 -49,777 416,114 505,253 595,295 1,064,081 668,020 648,715 631,658 516,560 527,224 541,722
Payables US$ in thousands 8,045 7,717 4,788 4,855 9,623 10,136 15,534 4,079 8,546 25,286 14,679 11,835 448 16,081 14,352 24,474
Payables turnover 23.35 24.80 40.89 41.04 20.61 -4.91 26.79 123.87 69.66 42.08 45.51 54.81 1,409.95 32.12 36.74 22.13

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $187,817K ÷ $8,045K
= 23.35

The payables turnover ratio for ADEIA CORP has fluctuated over the periods analyzed.

Notably, the payables turnover ratio increased from March 31, 2021, to December 31, 2021, skyrocketing to 1,409.95, which may signify either efficient management of accounts payable or a significant change in the company's payment practices. Subsequently, the ratio decreased but remained relatively high throughout 2022 and 2023.

There was a sharp decline in the payables turnover ratio to -4.91 on September 30, 2023, which could indicate either a data anomaly or potential issues with payables management in that period. However, the ratio recovered in subsequent quarters, staying within a more stable range.

Overall, ADEIA CORP's payables turnover ratio demonstrates variability, with some periods showing exceptional efficiency in paying off accounts payable while others indicate potential challenges or anomalies that may warrant further investigation.