LivaNova PLC (LIVN)
Payables turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 843,644 | 943,425 | 813,456 | 639,603 |
| Payables | US$ in thousands | 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 | 85,892 | 75,522 | 88,516 | 80,199 |
| Payables turnover | 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 | 9.82 | 12.49 | 9.19 | 7.98 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $918,868K ÷ $80,845K
= 11.37
The payables turnover ratio for LivaNova PLC fluctuated over the past eight quarters, ranging from a low of 4.05 in Q2 2022 to a high of 5.63 in Q3 2023. The average payables turnover ratio over this period was approximately 4.56. The trend indicates that the company's ability to manage its accounts payable and settle its obligations improved in the most recent quarters compared to earlier periods. A higher payables turnover ratio typically suggests that the company is efficiently managing its suppliers and paying its bills in a timely manner. It is important for investors and creditors to monitor this ratio to assess the company's liquidity and operational efficiency.
Peer comparison
Dec 31, 2023