Azenta Inc (AZTA)
Payables turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 894,411 | 894,334 | 888,313 | 765,718 | 790,046 | 747,290 | 699,598 | 668,354 | 596,034 | 300,527 | 408,630 | 496,709 | 568,572 | 916,815 | 857,459 | 808,814 | 792,486 | 768,054 | 753,818 | 733,891 |
| Payables | US$ in thousands | 44,433 | 39,115 | 37,319 | 40,237 | 35,796 | 37,990 | 45,306 | 55,259 | 38,654 | 34,576 | 35,868 | 46,869 | 42,360 | 98,192 | 77,741 | 67,811 | 25,689 | 70,344 | 63,958 | 65,306 |
| Payables turnover | 20.13 | 22.86 | 23.80 | 19.03 | 22.07 | 19.67 | 15.44 | 12.09 | 15.42 | 8.69 | 11.39 | 10.60 | 13.42 | 9.34 | 11.03 | 11.93 | 30.85 | 10.92 | 11.79 | 11.24 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $894,411K ÷ $44,433K
= 20.13
The payables turnover ratio measures how efficiently a company manages its payables by showing how many times during a period the company pays off its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently.
Based on the data provided for Azenta Inc, the payables turnover has fluctuated over the past several quarters. In the latest quarter, ending on September 30, 2024, the payables turnover was 20.13, which indicates that the company paid its suppliers approximately 20 times during that quarter. This suggests that Azenta Inc is managing its payables effectively and is paying its suppliers in a timely manner.
Looking at the trend over the past few quarters, there has been some variability in the payables turnover ratio, with fluctuations between 8.69 and 23.80. However, the general trend seems to be increasing over time, indicating that Azenta Inc has been improving its payables management efficiency.
It is essential for companies to strike a balance in managing their payables turnover ratio. A very high ratio could suggest aggressive payment terms that may strain the company's cash flow, while a very low ratio could indicate inefficiency in managing payables and potentially strain relationships with suppliers.
Overall, based on the trend of increasing payables turnover and the latest ratio of 20.13, Azenta Inc seems to be effectively managing its payables and maintaining healthy relationships with its suppliers.
Peer comparison
Sep 30, 2024