A10 Network (ATEN)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 160,902 | 160,823 | 168,861 | 163,477 | 151,131 |
| Payables | US$ in thousands | 12,542 | 7,024 | 6,725 | 6,852 | 4,851 |
| Payables turnover | 12.83 | 22.90 | 25.11 | 23.86 | 31.15 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $160,902K ÷ $12,542K
= 12.83
The payables turnover ratio for A10 Network experienced a decline from 31.15 in December 2020 to 23.86 in December 2021. This indicates that the company took longer to pay off its suppliers or trade payables during this period. However, there was a slight improvement in the ratio to 25.11 in December 2022, suggesting a more efficient management of payables.
Subsequently, the payables turnover fell again to 22.90 in December 2023, indicating a longer payment period to suppliers once more. The ratio further decreased significantly to 12.83 by December 2024, signaling a significant decrease in the efficiency of paying off trade payables compared to the previous periods.
Overall, the trend in A10 Network's payables turnover suggests fluctuations in the company's ability to manage its payables efficiently over the years, with periods of improvement followed by declines in the ratio. Further analysis and investigation into the reasons behind these fluctuations may be necessary to understand the company's working capital management practices.
Peer comparison
Dec 31, 2024