Entegris Inc (ENTG)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,754,489 | 1,759,518 | 1,844,814 | 1,924,815 | 2,026,321 | 2,100,255 | 2,201,247 | 2,066,505 | 1,885,620 | 1,684,189 | 1,377,321 | 1,301,197 | 1,239,229 | 1,185,837 | 1,125,535 | 1,060,600 | 1,009,591 | 952,231 | 921,041 | 892,608 |
| Payables | US$ in thousands | 193,261 | 174,189 | 141,579 | 131,150 | 134,211 | 139,637 | 132,157 | 167,177 | 172,488 | 187,697 | 146,441 | 133,956 | 130,734 | 120,611 | 92,969 | 93,045 | 81,618 | 69,918 | 80,359 | 81,561 |
| Payables turnover | 9.08 | 10.10 | 13.03 | 14.68 | 15.10 | 15.04 | 16.66 | 12.36 | 10.93 | 8.97 | 9.41 | 9.71 | 9.48 | 9.83 | 12.11 | 11.40 | 12.37 | 13.62 | 11.46 | 10.94 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,754,489K ÷ $193,261K
= 9.08
Entegris Inc's payables turnover has fluctuated over the period from March 31, 2020, to December 31, 2024. The payables turnover ratio measures how efficiently a company is managing its accounts payable by indicating how many times a company pays off its average accounts payable balance during a period.
The payables turnover ratio for Entegris Inc ranged from a low of 8.97 on September 30, 2022, to a high of 16.66 on June 30, 2023. A higher turnover ratio is generally more favorable, indicating that the company is paying off its suppliers more frequently.
Overall, the payables turnover ratio of Entegris Inc has shown some volatility but has remained relatively stable in recent periods, hovering around the range of 9 to 16 times. Further analysis of trends and comparison to industry benchmarks would provide deeper insights into the efficiency of Entegris Inc's payables management.
Peer comparison
Dec 31, 2024