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.