Glaukos Corp (GKOS)

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	369,778	354,357	340,530	325,032	314,520	293,095	284,348	278,841	268,132	263,414	259,244	254,570	252,112	251,063	248,102	244,827	264,189	276,322	272,182	258,517
Payables	US$ in thousands	13,026	11,103	11,560	12,752	13,440	10,413	8,564	12,029	14,403	11,465	21,294	7,998	7,333	8,459	6,957	8,624	4,371	6,774	9,233	12,943
Payables turnover		28.39	31.92	29.46	25.49	23.40	28.15	33.20	23.18	18.62	22.98	12.17	31.83	34.38	29.68	35.66	28.39	60.44	40.79	29.48	19.97

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $369,778K ÷ $13,026K
= 28.39

The payables turnover ratio for Glaukos Corp has shown varying levels over the period from March 31, 2020, to December 31, 2024. The ratio measures how efficiently the company is managing its accounts payable by indicating the frequency with which it pays its suppliers.

The trend in Glaukos Corp's payables turnover indicates fluctuations in the efficiency of managing its payables. For example, there was a significant increase from March 31, 2020, to December 31, 2020, suggesting that the company was paying its suppliers more frequently during that period. This may indicate either improved liquidity or negotiating power with suppliers.

However, from June 30, 2022, to December 31, 2024, there is a decline in the payables turnover ratio, indicating that the company is taking longer to pay its suppliers. This could be a strategic decision to optimize cash flow or a signal of potential liquidity challenges.

The overall trend in Glaukos Corp's payables turnover ratio suggests some fluctuations in the management of accounts payable, which may be influenced by changes in the company's operating cycle, cash flow management, or supplier relationships. Further analysis of the company's financial performance and liquidity position would be necessary to fully assess the implications of these fluctuations in the payables turnover ratio.