Alpha and Omega Semiconductor Ltd (AOSL)
Payables turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 535,157,964 | 519,823 | 504,870 | 493,009 | 485,356 | 482,441 | 469,710 | 484,145 | 491,785 | 505,578 | 534,641 | 523,876 | 508,996 | 494,988 | 480,672 | 465,799 | 452,359 | 429,091 | 396,963 | 380,336 |
| Payables | US$ in thousands | 60,044 | 51,012 | 40,816 | 41,848 | 45,084 | 42,513 | 45,156 | 52,268 | 50,775 | 54,689 | 65,799 | 80,101 | 87,377 | 69,758 | 62,175 | 81,681 | 80,699 | 81,858 | 83,859 | 87,604 |
| Payables turnover | 8,912.76 | 10.19 | 12.37 | 11.78 | 10.77 | 11.35 | 10.40 | 9.26 | 9.69 | 9.24 | 8.13 | 6.54 | 5.83 | 7.10 | 7.73 | 5.70 | 5.61 | 5.24 | 4.73 | 4.34 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $535,157,964K ÷ $60,044K
= 8,912.76
The payables turnover ratio for Alpha and Omega Semiconductor Ltd exhibits a general upward trend over the analyzed period, indicating improvements in managing supplier payments. Starting at 4.34 times as of September 30, 2020, the ratio steadily increases, reaching a peak of 12.37 times on December 31, 2024. This suggests that the company has been able to settle its payables more frequently within a year, reflecting either a shortening of payment periods or increased efficiency in managing payables.
Significant growth is observed particularly from the end of 2021 onward, where the ratio jumps from 7.73 times (December 31, 2021) to 9.24 times (March 31, 2023), and then continues to rise to 12.37 times by the end of 2024. This acceleration indicates an even more rapid turnover of payables, potentially suggesting strengthened liquidity, improved cash flow management, or strategic payment terms with suppliers favoring quicker settlements.
It is noteworthy that the ratios from late 2024 onwards show a slight decrease to 10.19 times in March 2025, followed by an anomalously high figure of 8,912.76 as of June 30, 2025, which appears to be a data anomaly or erroneous entry. Exclusion of this outlier is prudent for an accurate assessment.
Overall, the trend reflects a consistent enhancement in the company's ability to pay its suppliers promptly over time, signaling improved liquidity position, efficient working capital management, or possibly negotiated favorable payment terms. The observed fluctuations are typical in such ratios and align with strategic or operational shifts within the company's lifecycle.
Peer comparison
Jun 30, 2025