Dolby Laboratories (DLB)
Payables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 152,566 | 141,360 | 130,025 | 146,498 | 160,854 |
| Payables | US$ in thousands | 20,925 | 14,171 | 17,779 | 12,617 | 15,212 |
| Payables turnover | 7.29 | 9.98 | 7.31 | 11.61 | 10.57 |
September 30, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $152,566K ÷ $20,925K
= 7.29
The payables turnover ratio measures how efficiently a company manages its trade payables by comparing the cost of goods sold (COGS) to its average accounts payable during a specific period. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly.
Analyzing Dolby Laboratories' payables turnover over the past five years, we observe fluctuations in the ratio:
- In 2023, the payables turnover ratio decreased to 7.29 from 9.98 in 2022, indicating that the company took longer to pay its suppliers in 2023 compared to the previous year.
- The ratio in 2023 is also lower than the ratios in 2020 and 2019, suggesting a trend of slower payments to suppliers in recent years.
- Compared to 2021, the payables turnover ratio in 2023 was relatively stable, showing consistent payment practices over these two years.
Overall, Dolby Laboratories' payables turnover has shown variability over the past five years. It is important to consider additional factors such as industry norms, supplier relationships, and company policies to gain a more comprehensive understanding of its payables management efficiency.
Peer comparison
Sep 30, 2023