Cohu Inc (COHU)
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 | 453,821 | 500,893 | 521,628 | 540,880 | 594,717 | 579,444 | 605,479 | 637,965 | 664,703 | 650,160 | 617,965 | 552,524 | 516,161 | 492,983 | 478,582 | 496,945 | 502,681 | 555,063 | 495,302 | 428,684 |
| Payables | US$ in thousands | 33,600 | 36,931 | 45,677 | 54,586 | 51,763 | 69,613 | 80,954 | 85,631 | 85,230 | 86,575 | 102,111 | 97,712 | 67,923 | 49,366 | 60,012 | 53,457 | 48,697 | 48,126 | 54,453 | 46,999 |
| Payables turnover | 13.51 | 13.56 | 11.42 | 9.91 | 11.49 | 8.32 | 7.48 | 7.45 | 7.80 | 7.51 | 6.05 | 5.65 | 7.60 | 9.99 | 7.97 | 9.30 | 10.32 | 11.53 | 9.10 | 9.12 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $453,821K ÷ $33,600K
= 13.51
The payables turnover ratio for Cohu Inc has exhibited fluctuations over the past few years. The ratio has generally been on an upward trend, indicating an improvement in the efficiency of managing payables. The company's ability to pay off its suppliers has been increasing from 2019 to 2023. The higher ratios in recent periods suggest that Cohu Inc is paying off its accounts payable more frequently, which may indicate effective cash management and strong supplier relationships. Overall, the increasing trend in payables turnover ratio reflects positively on Cohu Inc's liquidity and working capital management.
Peer comparison
Dec 31, 2023