InterDigital Inc (IDCC)
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 | 55,791 | 53,697 | 53,437 | 53,998 | 50,609 | 60,681 | 74,286 | 100,117 | 99,908 | 92,173 | 75,004 | 48,713 | 51,199 | 50,771 | 53,388 | 55,608 | 56,120 | 57,424 | 56,759 | 54,304 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $55,791K ÷ $—K
= —
The payables turnover ratio for Interdigital Inc has been consistently reported as 0.00 for the last eight consecutive quarters. This indicates that the company is not effectively managing its accounts payable. A low or zero payables turnover ratio may suggest that Interdigital Inc is taking an extended time to pay its suppliers, which could strain relationships with vendors or potentially result in missed discounts for prompt payments. Further investigation is warranted to understand the reasons behind the stagnant payables turnover trend and to assess the potential impact on the company's liquidity and financial health.
Peer comparison
Dec 31, 2023