Glaukos Corp (GKOS)

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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	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	216,409	180,116	165,920	155,499
Payables	US$ in thousands	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	5,781	3,501	5,052	5,675
Payables turnover		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	37.43	51.45	32.84	27.40

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $314,520K ÷ $13,440K
= 23.40

To analyze the payables turnover of Glaukos Corporation based on the data provided, we calculate the average payables turnover ratio over the eight quarters. The average payables turnover ratio for Glaukos Corporation is 6.12.

The payables turnover ratio indicates how many times a company pays off its average accounts payable balance during a specific period. A higher payables turnover ratio suggests the company is efficiently managing its accounts payable by paying suppliers more frequently.

In the case of Glaukos Corporation, the payables turnover ratio has fluctuated over the past eight quarters, ranging from 3.15 to 8.44. This variability may indicate changes in the company's supplier payment policies or its ability to negotiate favorable payment terms with suppliers.

The company's payables turnover ratio of 6.12, on average, indicates that Glaukos Corporation pays its suppliers approximately six times a year. This information can be valuable for assessing the company's liquidity and working capital management. An increasing payables turnover ratio may suggest improved efficiency in managing payables, while a decreasing ratio could indicate potential liquidity issues or changes in the company's relationship with suppliers.

Overall, analyzing Glaukos Corporation's payables turnover ratio provides insights into the company's relationship with suppliers and its ability to effectively manage its accounts payable.