Coherent Inc (COHR)
Payables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,682,040 | 5,418,660 | 2,812,000 | 2,643,740 | 2,227,380 |
| Payables | US$ in thousands | 631,548 | 405,308 | 434,917 | 294,486 | 268,773 |
| Payables turnover | 7.41 | 13.37 | 6.47 | 8.98 | 8.29 |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,682,040K ÷ $631,548K
= 7.41
Coherent Inc's payables turnover ratio has shown fluctuations over the past five years. The payables turnover ratio was at its highest in June 2023 at 13.37, indicating that the company was able to pay off its accounts payable approximately 13.37 times during that period. Subsequently, there was a significant decrease to 6.47 in June 2022, suggesting a longer period taken to settle its payables.
In the most recent year, June 2024, the payables turnover ratio rebounded to 7.41, although it is still below the peak in 2023. This improvement may indicate better management of payables or a change in payment terms with suppliers.
Overall, Coherent Inc's payables turnover ratio has shown variability, indicating fluctuations in how efficiently the company is managing its accounts payable over the years. Further analysis of the underlying reasons for these fluctuations would provide a more comprehensive understanding of the company's financial management practices.
Peer comparison
Jun 30, 2024