Amphenol Corporation (APH)
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 | 8,470,600 | 8,445,200 | 8,529,700 | 8,600,100 | 8,594,800 | 8,478,700 | 8,172,100 | 7,850,200 | 7,474,500 | 7,049,300 | 6,709,200 | 6,282,200 | 5,934,800 | 5,746,700 | 5,596,900 | 5,580,900 | 5,609,400 | 5,646,800 | 5,648,900 | 5,617,800 |
| Payables | US$ in thousands | 1,350,900 | 1,248,900 | 1,116,800 | 1,182,100 | 1,309,100 | 1,393,600 | 1,372,900 | 1,275,900 | 1,312,000 | 1,300,000 | 1,204,700 | 1,070,700 | 1,120,700 | 1,075,900 | 928,000 | 817,200 | 866,800 | 830,700 | 814,600 | 797,100 |
| Payables turnover | 6.27 | 6.76 | 7.64 | 7.28 | 6.57 | 6.08 | 5.95 | 6.15 | 5.70 | 5.42 | 5.57 | 5.87 | 5.30 | 5.34 | 6.03 | 6.83 | 6.47 | 6.80 | 6.93 | 7.05 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,470,600K ÷ $1,350,900K
= 6.27
Amphenol Corp.'s payables turnover has shown some fluctuations over the past eight quarters, ranging from a low of 5.95 in Q2 2022 to a high of 7.64 in Q2 2023. Payables turnover measures how efficiently a company is managing its payments to suppliers.
A higher payables turnover ratio generally indicates that the company is paying its suppliers more quickly, which could be a positive sign of strong liquidity and financial health. Conversely, a lower ratio may suggest that the company is taking longer to pay its suppliers, potentially signaling liquidity issues or strained supplier relationships.
Overall, Amphenol Corp.'s payables turnover has shown a generally increasing trend, indicating that the company has been managing its payables more efficiently over the past few quarters. This improvement could be attributed to effective supply chain management or better cash flow management practices. However, further analysis in conjunction with other financial ratios and information about the company's operations would be needed to provide a more comprehensive assessment of its financial performance and working capital management.