Calix Inc (CALX)

The payables turnover ratio indicates how efficiently a company manages its accounts payable by measuring how many times a company pays off its average accounts payable balance during a specific period.

Analyzing Calix Inc's payables turnover ratio over the past five years, we see a fluctuating trend. In 2019 and 2020, the company had significantly high payables turnover ratios of 21.91 and 20.91, respectively, indicating that Calix was able to pay off its accounts payable balances almost 22 and 21 times, respectively, during those years.

However, in 2021, we observe a slight dip in the payables turnover ratio to 11.11, suggesting that Calix took longer to pay off its accounts payable compared to the previous years. This could be due to changes in the company's payment policies, vendor relationships, or the industry environment.

In 2022, the payables turnover ratio further decreased to 10.44, indicating a continued slowdown in how quickly Calix was settling its accounts payable. This could signal potential liquidity issues or inefficiencies in managing working capital.

Finally, in 2023, Calix demonstrated an improvement in its payables turnover ratio, jumping to 15.00. This increase suggests that the company was able to enhance its accounts payable management and pay off its obligations more efficiently.

Overall, fluctuations in the payables turnover ratio for Calix Inc over the past five years indicate varying levels of efficiency in managing accounts payable. Further analysis and context regarding the company's financial and operational strategies would be necessary to fully interpret the implications of these fluctuations.

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Dec 31, 2023