Applied Materials Inc (AMAT)
Payables turnover
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 14,279,000 | 16,468,000 | 14,133,000 | 16,276,000 | 13,792,000 |
| Payables | US$ in thousands | — | 1,570,000 | — | 1,478,000 | — |
| Payables turnover | — | 10.49 | — | 11.01 | — |
October 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $14,279,000K ÷ $—K
= —
The payables turnover ratio for Applied Materials Inc has shown consistent performance over the last few years. In October 2023, the payables turnover ratio was 11.01, indicating that the company was able to pay off its suppliers approximately 11 times during that period. However, in October 2024, the payables turnover ratio decreased slightly to 10.49. This decrease suggests that the company took slightly longer to pay off its suppliers compared to the previous year. The lack of data for October 2022 and 2023 makes it challenging to analyze the trend comprehensively for those periods. Overall, maintaining a healthy payables turnover ratio is important for managing cash flow and supplier relationships effectively.
Peer comparison
Oct 31, 2024