Intel Corporation (INTC)
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 | 37,141,000 | 39,066,000 | 39,981,000 | 41,717,000 | 44,161,000 | 33,221,000 | 32,172,000 | 30,921,000 | 33,574,000 | 44,221,000 | 44,061,000 | 44,368,000 | 41,506,000 | 40,649,000 | 40,182,000 | 37,955,000 | 36,568,000 | 35,540,000 | 34,391,000 | 34,259,000 |
| Payables | US$ in thousands | 8,578,000 | 8,669,000 | 8,757,000 | 8,083,000 | 9,595,000 | 7,133,000 | 7,945,000 | 7,210,000 | 5,747,000 | 6,792,000 | 5,917,000 | 5,434,000 | 5,581,000 | 5,159,000 | 5,045,000 | 4,638,000 | 4,128,000 | 4,809,000 | 4,682,000 | 4,059,000 |
| Payables turnover | 4.33 | 4.51 | 4.57 | 5.16 | 4.60 | 4.66 | 4.05 | 4.29 | 5.84 | 6.51 | 7.45 | 8.16 | 7.44 | 7.88 | 7.96 | 8.18 | 8.86 | 7.39 | 7.35 | 8.44 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $37,141,000K ÷ $8,578,000K
= 4.33
Payables turnover is a financial ratio that measures a company's efficiency in managing its accounts payable by evaluating how many times a company pays off its average accounts payable balance in a given period. A higher payables turnover ratio indicates that a company is paying off its suppliers more frequently.
Intel Corporation's payables turnover ratio has exhibited fluctuations over the past few quarters. The ratio ranged from a low of 4.05 in the second quarter of 2022 to a high of 8.44 in the first quarter of 2019. The most recent payables turnover ratio as of December 31, 2023, stands at 4.33, showing a slight decrease compared to the previous quarter.
The decreasing trend in the payables turnover ratio over the recent quarters may indicate a longer payment period to suppliers, potentially suggesting a change in the company's payment policies or difficulties in managing payables efficiently. However, it is essential to compare this ratio with industry benchmarks to determine whether Intel's payables turnover is in line with its peers.
Overall, Intel Corporation's payables turnover ratio provides insights into the company's ability to effectively manage its accounts payable and its relationships with suppliers. Further analysis and comparison with industry standards can help stakeholders better understand the company's financial performance and liquidity management.
Peer comparison
Dec 31, 2023