A10 Network (ATEN)

Payables turnover

		Dec 31, 2024	Sep 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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Cost of revenue (ttm)	US$ in thousands	166,890	164,321	163,363	163,823	164,844	165,929	166,938	168,862	170,308	169,856	168,122	163,577	157,243	152,737	149,411	152,931	115,896	116,053	121,914	126,647
Payables	US$ in thousands	12,542	7,544	5,049	7,024	8,214	6,399	5,906	6,725	6,045	5,567	4,994	6,852	3,755	5,661	4,521	4,851	7,289	6,850	3,937	7,592
Payables turnover		13.31	21.78	32.36	23.32	20.07	25.93	28.27	25.11	28.17	30.51	33.66	23.87	41.88	26.98	33.05	31.53	15.90	16.94	30.97	16.68

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $166,890K ÷ $12,542K
= 13.31

The payables turnover ratio measures how efficiently a company is managing its accounts payable by indicating the number of times a company pays off its suppliers during a specific period. A higher payables turnover ratio suggests that the company is paying its suppliers more frequently, which can indicate good liquidity management or strong supplier relationships.

Based on the data provided for A10 Network, the payables turnover ratio has shown fluctuations over the periods analyzed. The ratio ranged from a low of 13.31 on December 31, 2024, to a high of 41.88 on September 30, 2021. The general trend in the payables turnover ratio for A10 Network seems to exhibit some variability, potentially influenced by changes in payment terms with suppliers, business operations, or industry dynamics.

It is recommended to further investigate the reasons behind the fluctuations in the payables turnover ratio to understand the underlying factors impacting the company’s accounts payable management. Additionally, comparing this ratio to industry averages or historical data of the company can provide more insights into A10 Network's payables management efficiency and help in making informed decisions.