KLA-Tencor Corporation (KLAC)
Payables turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,751,870 | 4,518,635 | 4,306,114 | 4,061,400 | 3,860,861 | 3,849,755 | 3,891,936 | 4,123,980 | 4,218,319 | 4,233,934 | 4,120,675 | 3,820,047 | 3,592,441 | 3,386,118 | 3,203,656 | 2,965,227 | 2,772,165 | 2,621,468 | 2,501,997 | 2,465,882 |
| Payables | US$ in thousands | 458,509 | 429,318 | 432,891 | 376,505 | 359,487 | 354,720 | 376,671 | 363,662 | 371,026 | 410,885 | 530,407 | 479,707 | 443,338 | 424,128 | 379,875 | 380,827 | 342,083 | 295,111 | 146,405 | 254,458 |
| Payables turnover | 10.36 | 10.53 | 9.95 | 10.79 | 10.74 | 10.85 | 10.33 | 11.34 | 11.37 | 10.30 | 7.77 | 7.96 | 8.10 | 7.98 | 8.43 | 7.79 | 8.10 | 8.88 | 17.09 | 9.69 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,751,870K ÷ $458,509K
= 10.36
The payables turnover ratio for KLA-Tencor Corporation exhibits notable fluctuations over the period analyzed. Initially, the ratio peaked at 17.09 in December 2020, indicating a high frequency of paying off accounts payable within the fiscal quarter. This elevated level was followed by a decline to a low of 7.79 in September 2021, signaling a period of slower payments relative to purchases or cost of goods sold.
Subsequently, the ratio stabilized around the range of approximately 7.77 to 8.43 from late 2021 through mid-2022, suggesting a consistent pattern of payment activity during this interval. Beginning in March 2023, there was a marked increase in the ratio, reaching 10.30, with further upward movement to a peak of 11.37 in June 2023. This trend indicates a faster turnover of payables, implying improved payment efficiency or changes in purchasing or financing strategies.
Following the peak in mid-2023, the ratio maintained a narrow band around 11.34 to 10.79 through September 2024, reflecting relatively steady payment practices. Towards the end of 2024 and into mid-2025, the ratio experienced slight declines and stabilizations around the range of approximately 9.95 to 10.53, suggesting a modest reduction in payment frequency relative to purchases.
Overall, the payables turnover ratio experienced significant cyclical variation, with periods of rapid payment activity interspersed with intervals of slower turnover. The most recent data indicates a return to a moderate to high level of payment frequency, consistent with a company balancing its cash flow management and supplier relationships over time.
Peer comparison
Jun 30, 2025