Lumentum Holdings Inc (LITE)

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 1,267,000 1,628,800 1,562,200 1,619,100 1,718,000 1,654,600 1,588,500 1,430,100 1,277,100 1,257,700 1,247,300 1,249,200 1,273,300 1,033,200 1,066,700 1,089,900 1,116,400 1,359,500 1,367,700 1,261,700
Payables US$ in thousands 126,300 133,400 163,000 134,600 169,400 198,700 205,600 205,700 156,700 126,800 118,200 101,600 116,900 104,700 111,300 146,000 150,800 144,600 143,700 152,200
Payables turnover 10.03 12.21 9.58 12.03 10.14 8.33 7.73 6.95 8.15 9.92 10.55 12.30 10.89 9.87 9.58 7.47 7.40 9.40 9.52 8.29

June 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,267,000K ÷ $126,300K
= 10.03

The payables turnover of Lumentum Holdings Inc has shown some fluctuations over the past several quarters. The ratio indicates how efficiently the company is managing its accounts payables. A higher payables turnover ratio suggests that the company is paying its suppliers more frequently, which can indicate strong supplier relationships and effective working capital management.

Looking at the trend over the past few quarters, we can see that the payables turnover has fluctuated between 6.95 and 12.30. The highest payables turnover was observed in March 2022 at 12.30, indicating that the company paid its suppliers more frequently during that period. Conversely, the lowest payables turnover was in September 2022 at 6.95, reflecting a slower rate of payments to suppliers.

Overall, the payables turnover ratio for Lumentum Holdings Inc has generally been at a reasonable level, suggesting a balanced approach to managing its accounts payables. It is important to consider the trend in conjunction with other financial metrics to gain a comprehensive assessment of the company's financial performance and management of working capital.


Peer comparison

Jun 30, 2024

Company name
Symbol
Payables turnover
Lumentum Holdings Inc
LITE
10.03
ESCO Technologies Inc
ESE
6.33
Iridium Communications Inc
IRDM
5.06