Calix Inc (CALX)
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 | 555,464 | 719,665 | 701,855 | 659,902 | 683,223 | 626,185 | 571,565 | 532,079 | 503,709 | 489,810 | 469,677 | 448,692 | 419,135 | 395,604 | 383,670 | 366,765 | 358,547 | 359,570 | 356,036 | 332,337 |
| Payables | US$ in thousands | 34,746 | 22,134 | 35,358 | 35,376 | 41,407 | 66,246 | 22,951 | 37,553 | 29,061 | 31,340 | 34,971 | 29,224 | 13,115 | 16,557 | 10,204 | 20,464 | 10,789 | 24,151 | 37,522 | 34,326 |
| Payables turnover | 15.99 | 32.51 | 19.85 | 18.65 | 16.50 | 9.45 | 24.90 | 14.17 | 17.33 | 15.63 | 13.43 | 15.35 | 31.96 | 23.89 | 37.60 | 17.92 | 33.23 | 14.89 | 9.49 | 9.68 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $555,464K ÷ $34,746K
= 15.99
The payables turnover ratio for Calix Inc has shown fluctuations over the past eight quarters.
In Q3 2023, the payables turnover ratio increased significantly to 22.11, indicating that the company was able to pay off its payables more frequently during that quarter compared to the previous periods. This could suggest efficient cash management or improved payment terms with suppliers.
However, in Q4 2023, the payables turnover ratio decreased to 15.00, which could indicate a slowdown in the company's ability to pay off its payables compared to Q3 2023.
Looking at the historical trend, the payables turnover ratio has generally been on an upward trajectory since Q1 2022, indicating that Calix Inc has been improving its efficiency in paying off its obligations to suppliers.
Overall, the payables turnover ratio data suggests that Calix Inc has been managing its payables effectively in recent quarters, with some variations in performance from quarter to quarter. Further analysis would be needed to understand the factors driving these fluctuations and to assess the company's overall working capital management.
Peer comparison
Dec 31, 2023