LivaNova PLC (LIVN)

Payables turnover

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 Jun 30, 2020 Mar 31, 2020
Cost of revenue (ttm) US$ in thousands 930,748 959,040 952,148 929,988 918,868 872,671 983,387 955,113 932,016 906,532 768,947 799,816 815,048 801,541 805,402 755,296 747,763 698,963 730,570 830,912
Payables US$ in thousands 69,726 77,893 81,323 75,944 80,845 62,780 78,212 75,730 74,310 69,616 74,346 73,921 68,000 60,248 61,328 62,448 73,668 71,596 69,065 91,224
Payables turnover 13.35 12.31 11.71 12.25 11.37 13.90 12.57 12.61 12.54 13.02 10.34 10.82 11.99 13.30 13.13 12.09 10.15 9.76 10.58 9.11

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $930,748K ÷ $69,726K
= 13.35

The payables turnover ratio for LivaNova PLC has shown fluctuations over the past few years, ranging from a low of 9.11 in March 2020 to a high of 13.90 in September 2023. This ratio indicates the efficiency with which the company pays its suppliers, with higher values suggesting that the company is paying its suppliers more frequently within a given period.

Overall, the trend in the payables turnover ratio for LivaNova PLC has been increasing from March 2020 to December 2024, indicating an improvement in the company's ability to manage and settle its payables efficiently. The ratio peaked at 13.90 in September 2023, signaling that the company was paying its suppliers at a faster rate during that period.

However, it is worth noting that the ratio experienced a slight decline from September 2023 to December 2024, dropping from 13.90 to 13.35. This could be attributed to various factors such as changes in the company's payment terms, supplier relationships, or overall business operations.

Overall, the payables turnover ratio of LivaNova PLC reflects the company's ability to effectively manage its accounts payable and fulfill its obligations to suppliers in a timely manner over the analyzed period.