Coherent Inc (COHR)
Payables turnover
| Jun 30, 2025 | Jun 30, 2024 | Sep 30, 2023 | Jun 30, 2023 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,767,000 | 3,251,720 | 3,541,820 | 3,542,000 | 2,051,120 |
| Payables | US$ in thousands | 847,000 | 631,548 | 405,308 | 405,308 | 434,917 |
| Payables turnover | 4.45 | 5.15 | 8.74 | 8.74 | 4.72 |
June 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,767,000K ÷ $847,000K
= 4.45
The payables turnover ratio for Coherent Inc. exhibits notable fluctuations over the observed periods. As of September 30, 2022, the ratio stood at 4.72, indicating the company was settling its accounts payable approximately 4.72 times within that fiscal period. Moving forward to June 30, 2023, the ratio more than doubled to 8.74, suggesting an improvement in the company's payment efficiency and more rapid turnover of its payables during that period. This elevated ratio remained unchanged at 8.74 by September 30, 2023, indicating sustained efficiency in managing accounts payable over the subsequent quarter. However, by June 30, 2024, the ratio declined to 5.15, reflecting a slower payables turnover rate and potentially a lengthening of the payment cycle. The downward trend persisted into June 30, 2025, with the ratio reaching 4.45, the lowest among the observed periods, implying that the company is taking longer to pay its suppliers relative to previous periods. Such fluctuations may be influenced by shifts in payment policies, supplier negotiations, cash flow strategies, or changes in operational conditions. Overall, the pattern indicates that Coherent Inc. experienced periods of both improved and delayed payable settlements, with a general trend towards lengthening the payment cycle in the later periods.
Peer comparison
Jun 30, 2025