Haemonetics Corporation (HAE)
Payables turnover
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 1,140,747 | 1,090,469 | 1,052,482 | 1,022,423 | 995,675 | 974,344 | 938,969 | 901,797 | 913,230 | 907,672 | 887,138 | 857,275 | 811,111 | 811,195 | 848,731 | 891,313 | 963,513 | 965,320 | 948,502 | 941,885 |
Payables | US$ in thousands | 73,358 | 56,845 | 80,160 | 78,134 | 63,929 | 63,769 | 61,484 | 57,907 | 58,371 | 51,175 | 44,969 | 49,131 | 50,293 | 42,979 | 49,071 | 48,459 | 50,730 | 52,298 | 57,449 | 60,792 |
Payables turnover | 15.55 | 19.18 | 13.13 | 13.09 | 15.57 | 15.28 | 15.27 | 15.57 | 15.65 | 17.74 | 19.73 | 17.45 | 16.13 | 18.87 | 17.30 | 18.39 | 18.99 | 18.46 | 16.51 | 15.49 |
March 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,140,747K ÷ $73,358K
= 15.55
The payables turnover ratio of Haemonetics Corporation over the last 20 quarters has varied between 13.09 and 19.73, indicating differences in how quickly the company is able to pay off its accounts payable.
A higher payables turnover ratio suggests that the company is paying off its creditors more quickly, which can be a favorable sign of strong liquidity and efficient management of working capital. Conversely, a lower payables turnover ratio may indicate that the company is taking longer to settle its payables, which could potentially strain its cash flow and relationships with suppliers.
Analyzing the trend of Haemonetics Corporation's payables turnover ratio over time, we observe fluctuations in the ratio, indicating changes in the company's ability to manage its accounts payable efficiently. It is essential to consider the reasons behind these fluctuations, such as changes in payment terms, purchasing practices, or supplier relationships, to gain a deeper understanding of the company's financial health and liquidity management.
Peer comparison
Mar 31, 2024