InterDigital Inc (IDCC)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 53,291 | 50,609 | 99,861 | 50,099 | 54,420 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $53,291K ÷ $—K
= —
The payables turnover ratio for Interdigital Inc has been consistently reported as 0.00 for the past five years (from 2019 to 2023). A payables turnover ratio of 0.00 indicates that the company is not effectively utilizing its accounts payables to manage its cash flow or its relationships with suppliers. This could suggest that the company has either very low levels of payables relative to its purchases or that its payment terms with suppliers are not being leveraged efficiently.
In general, a low or decreasing payables turnover ratio may raise concerns about the company's liquidity position or its ability to negotiate favorable credit terms with suppliers. Further analysis would be needed to assess the specific reasons behind the consistently low payables turnover ratio to understand the implications for the company's financial management and supplier relationships.
Peer comparison
Dec 31, 2023