Intel Corporation (INTC)

Payables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	49,661,000	39,844,000	45,099,000	46,217,000	42,390,000
Payables	US$ in thousands	12,556,000	8,578,000	9,595,000	5,747,000	5,581,000
Payables turnover		3.96	4.64	4.70	8.04	7.60

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $49,661,000K ÷ $12,556,000K
= 3.96

The payables turnover ratio for Intel Corporation has shown fluctuations over the years. In December 31, 2020, the payables turnover was 7.60, indicating that the company paid off its accounts payable approximately 7.60 times during that period. Subsequently, the ratio increased to 8.04 by December 31, 2021, suggesting a quicker turnover of accounts payable.

However, there was a significant decline in the payables turnover ratio to 4.70 by December 31, 2022, and a further decrease to 4.64 by December 31, 2023. This may indicate a lengthening of the time taken by Intel Corporation to pay off its suppliers or possibly changes in the company's payment terms.

By December 31, 2024, the payables turnover ratio decreased to 3.96, continuing the downward trend observed in the previous years. A decreasing payables turnover ratio could imply inefficiencies in managing accounts payable or potential liquidity issues within the company.

Overall, it is essential for Intel Corporation to monitor and manage its payables turnover effectively to ensure healthy supplier relationships and optimize cash flow management.