ADMA Biologics Inc (ADMA)

Payables turnover

		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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Cost of revenue (ttm)	US$ in thousands	195,502	177,944	171,639	169,273	162,260	151,071	133,774	118,814	105,881	94,743	87,440	79,769	76,009	67,569	62,232	61,291	53,872	49,933	46,928	39,504
Payables	US$ in thousands	16,020	14,179	17,186	15,660	10,851	12,085	12,956	13,229	25,198	11,388	14,115	12,429	17,283	6,167	12,153	11,074	7,980	6,910	9,152	9,175
Payables turnover		12.20	12.55	9.99	10.81	14.95	12.50	10.33	8.98	4.20	8.32	6.19	6.42	4.40	10.96	5.12	5.53	6.75	7.23	5.13	4.31

September 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $195,502K ÷ $16,020K
= 12.20

The payables turnover ratio for ADMA Biologics Inc has shown fluctuating trends over the past few quarters. The ratio indicates how efficiently the company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a period.

In the most recent quarter, ending September 30, 2024, the payables turnover ratio was 12.20, which suggests that the company paid off its accounts payable balances approximately 12.20 times during that quarter. This is a slight decrease compared to the previous quarter, where the ratio was 12.55.

Looking further back, the payables turnover ratio for ADMA Biologics Inc has ranged from a low of 4.20 to a high of 14.95 over the past few quarters. The higher the ratio, the more frequently the company is paying its suppliers, which may indicate good liquidity and strong supplier relationships. Conversely, a lower ratio may suggest that the company is taking longer to pay its bills, which could indicate cash flow issues or strained vendor relationships.

Therefore, based on the historical data provided, ADMA Biologics Inc has demonstrated fluctuations in its payables turnover ratio, reflecting varying levels of efficiency in managing its accounts payable. It would be important for stakeholders to monitor this ratio over time to assess the company's ability to effectively manage its working capital and vendor relationships.