Corsair Gaming Inc (CRSR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,099,612 | 1,085,873 | 1,052,242 | 1,057,091 | 1,078,466 | 1,166,402 | 1,215,952 | 1,311,055 | 1,390,206 | 1,403,937 | 1,443,337 | |||
| Payables | US$ in thousands | 239,957 | 215,456 | 196,275 | 188,035 | 172,033 | 162,213 | 193,530 | 203,454 | 236,120 | 247,509 | 261,656 | 272,251 | 299,636 | 274,771 |
| Payables turnover | 4.58 | 5.04 | 5.36 | 5.62 | 6.27 | 7.19 | 6.28 | 6.44 | 5.89 | 5.67 | 5.52 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,099,612K ÷ $239,957K
= 4.58
The payables turnover ratio measures how efficiently a company is managing its accounts payable by calculating the number of times payables are paid and replaced during a specific period. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which can be a positive sign of strong liquidity and good vendor relationships.
Based on the data provided for Corsair Gaming Inc, the payables turnover ratio has been fluctuating over the past eight quarters. The ratio ranged from a low of 4.58 in Q4 2023 to a high of 7.19 in Q3 2022. Generally, a decreasing trend in payables turnover could indicate that the company is taking longer to pay its suppliers, which may lead to strained supplier relationships or cash flow issues. On the other hand, an increasing trend in payables turnover could suggest that the company is managing its payables more efficiently.
Overall, Corsair Gaming Inc's payables turnover ratio has shown variability over the quarters, with some periods displaying better efficiency in managing payables than others. Further analysis and comparison with industry benchmarks can provide additional insights into the company's payables management and financial health.
Peer comparison
Dec 31, 2023