Entegris Inc (ENTG)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,754,490 | 2,026,320 | 1,885,620 | 1,239,230 | 1,009,590 |
| Payables | US$ in thousands | 193,261 | 134,211 | 172,488 | 130,734 | 81,618 |
| Payables turnover | 9.08 | 15.10 | 10.93 | 9.48 | 12.37 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,754,490K ÷ $193,261K
= 9.08
The payables turnover ratio for Entegris Inc has shown fluctuations over the past five years. In 2020, the ratio was 12.37, indicating that the company took approximately 12.37 times a year to pay its suppliers. However, in 2021, this ratio decreased to 9.48, suggesting a slower rate of paying off its payables.
By 2022, the payables turnover ratio improved to 10.93, showing that the company was managing its payables more efficiently compared to the previous year. The ratio further increased in 2023 to 15.10, indicating that Entegris Inc was paying off its payables at a faster rate.
However, in 2024, the payables turnover dropped to 9.08, reflecting a decline in the speed at which the company was settling its payables compared to the previous year. Overall, the fluctuation in the payables turnover ratio suggests varying levels of effectiveness in managing the company's accounts payable during the analyzed period.
Peer comparison
Dec 31, 2024