Coherent Inc (COHR)
Payables turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,677,500 | 4,808,600 | 4,839,740 | 5,124,920 | 5,356,660 | 4,709,856 | 4,188,373 | 3,459,508 | 2,811,995 | 2,689,004 | 2,675,032 | 2,640,933 | 2,573,537 | 2,524,797 | 2,343,157 | 2,412,322 | 2,148,643 | 1,856,145 | 1,653,381 | 1,225,818 |
| Payables | US$ in thousands | 631,548 | 593,504 | 504,052 | 449,134 | 405,308 | 428,860 | 428,959 | 479,385 | 434,917 | 361,533 | 339,985 | 295,003 | 294,486 | 277,616 | 250,740 | 256,029 | 268,773 | 208,623 | 229,042 | 233,870 |
| Payables turnover | 7.41 | 8.10 | 9.60 | 11.41 | 13.22 | 10.98 | 9.76 | 7.22 | 6.47 | 7.44 | 7.87 | 8.95 | 8.74 | 9.09 | 9.34 | 9.42 | 7.99 | 8.90 | 7.22 | 5.24 |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,677,500K ÷ $631,548K
= 7.41
The payables turnover ratio for Coherent Inc has varied over the past 20 quarters. The ratio measures how efficiently the company is managing its accounts payable by comparing the cost of goods sold to average accounts payable for the period. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly.
Coherent Inc's payables turnover ratio has been fluctuating, indicating changes in the company's payment practices and relationships with suppliers. The trend shows an overall increase from 5.24 in Q4 2019 to 13.22 in Q2 2023, suggesting an improvement in managing accounts payable during this period.
The highest payables turnover ratio observed was 13.22 in Q2 2023, while the lowest was 5.24 in Q4 2019. There seems to be some seasonality in the ratio, with fluctuations occurring from quarter to quarter.
Overall, Coherent Inc seems to be effectively managing its payables turnover, although it's important to consider other financial metrics and industry benchmarks for a more comprehensive analysis of the company's liquidity and operational efficiency.
Peer comparison
Jun 30, 2024