KLA-Tencor Corporation (KLAC)
Payables turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,928,072 | 3,880,471 | 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 | 2,449,561 | 2,420,802 | 2,317,589 | 2,092,231 |
| Payables | US$ in thousands | 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 | 262,496 | 254,458 | 264,280 | 243,234 | 256,646 | 221,388 |
| Payables turnover | 10.93 | 10.94 | 10.33 | 11.34 | 11.37 | 10.30 | 7.77 | 7.96 | 8.10 | 7.98 | 8.43 | 7.79 | 8.10 | 8.88 | 9.53 | 9.69 | 9.27 | 9.95 | 9.03 | 9.45 |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,928,072K ÷ $359,487K
= 10.93
The payables turnover ratio for KLA-Tencor Corporation has shown fluctuations over the past few quarters. The ratio measures how efficiently the company is managing its accounts payable by paying off suppliers.
In the most recent quarter, ending June 30, 2024, the payables turnover ratio was 10.93, indicating that the company paid off its accounts payable approximately 10.93 times during the quarter. This suggests a relatively efficient management of payables.
Looking at the trend over the past few quarters, the payables turnover ratio has generally been relatively stable, ranging between 7.77 and 11.37. However, there was a noticeable decrease in the ratio in December 2022, when it dropped to 7.77, but it has since recovered and shown an upward trend.
Overall, a higher payables turnover ratio indicates that the company is paying off its suppliers more frequently, which can sometimes be an indication of strong liquidity management. However, it is essential to consider other factors in conjunction with this ratio to get a holistic view of the company's financial health.
Peer comparison
Jun 30, 2024