Kulicke and Soffa Industries Inc (KLIC)

Payables turnover

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 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019
Cost of revenue (ttm) US$ in thousands 437,478 450,297 454,276 387,602 383,836 430,981 511,534 605,177 755,300 855,685 902,856 911,957 820,678 655,470 507,874 397,639 325,201 310,787 298,089 276,986
Payables US$ in thousands 58,847 52,145 51,487 58,682 49,302 52,857 54,851 57,482 67,311 98,572 100,213 148,769 154,636 144,269 123,832 89,362 57,688 49,659 50,530 44,903
Payables turnover 7.43 8.64 8.82 6.61 7.79 8.15 9.33 10.53 11.22 8.68 9.01 6.13 5.31 4.54 4.10 4.45 5.64 6.26 5.90 6.17

September 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $437,478K ÷ $58,847K
= 7.43

The payables turnover ratio of Kulicke and Soffa Industries Inc has shown fluctuations over the past several quarters. The payables turnover ratio indicates how efficiently the company is managing its accounts payable.

From December 2019 to June 2020, the payables turnover ratio ranged between 4.10 and 6.26, showing moderate efficiency in managing payables. However, from September 2020 to March 2021, there was a noticeable improvement, with the ratio increasing to a range of 7.43 to 9.33, indicating that the company was managing its payables more effectively during this period.

From June 2021 to June 2022, the payables turnover ratio remained relatively stable between 8.15 and 9.01, suggesting consistent management of payables during this timeframe. Subsequently, from September 2022 to September 2023, the ratio saw a significant increase, peaking at 11.22 in September 2022, indicating that the company was managing its payables exceptionally well during this period.

However, from December 2023 to September 2024, the payables turnover ratio decreased to a range of 6.61 to 8.82, showing a slight decline in the efficiency of managing payables compared to the previous quarters.

In conclusion, while the payables turnover ratio of Kulicke and Soffa Industries Inc has shown fluctuations, overall, the company has displayed varying levels of efficiency in managing its accounts payable over the analyzed period.