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