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.
Peer comparison
Dec 31, 2024