Advanced Micro Devices Inc (AMD)
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 | 16,593,000 | 16,445,000 | 15,924,000 | 15,882,000 | 17,163,000 | 15,087,000 | 13,922,000 | 12,169,000 | 10,166,000 | 9,337,000 | 8,578,000 | 7,516,000 | 6,411,000 | 5,694,000 | 5,059,000 | 4,859,000 | 4,613,000 | 4,249,000 | 4,180,000 | 4,327,000 |
| Payables | US$ in thousands | 2,055,000 | 2,245,000 | 2,779,000 | 2,518,000 | 2,493,000 | 2,337,000 | 1,518,000 | 1,476,000 | 1,321,000 | 1,048,000 | 836,000 | 949,000 | 468,000 | 752,000 | 802,000 | 653,000 | 988,000 | 763,000 | 828,000 | 484,000 |
| Payables turnover | 8.07 | 7.33 | 5.73 | 6.31 | 6.88 | 6.46 | 9.17 | 8.24 | 7.70 | 8.91 | 10.26 | 7.92 | 13.70 | 7.57 | 6.31 | 7.44 | 4.67 | 5.57 | 5.05 | 8.94 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $16,593,000K ÷ $2,055,000K
= 8.07
The payables turnover ratio of Advanced Micro Devices Inc has shown fluctuations over the past five years. In general, the ratio has ranged between approximately 4.67 and 13.70.
The highest payables turnover ratio was observed in the first quarter of 2020, indicating that the company was able to pay off its accounts payable obligations more frequently during that period. This could be a positive sign, suggesting efficient management of payables and strong vendor relationships.
On the other hand, the lowest ratio was recorded in the fourth quarter of 2019, indicating a slower rate of paying off accounts payable during that period. A lower payables turnover ratio may imply that the company is taking longer to settle its payables, which could potentially strain cash flow or indicate less favorable terms with suppliers.
Overall, fluctuations in the payables turnover ratio can provide insights into the company's liquidity position, operational efficiency, and relationships with suppliers. Further analysis and comparison with industry benchmarks may be necessary to fully assess the implications of these fluctuations on Advanced Micro Devices Inc's financial performance.
Peer comparison
Dec 31, 2023
See also:
Advanced Micro Devices Inc Payables Turnover (Quarterly Data)