MACOM Technology Solutions Holdings Inc (MTSI)

MACOM Technology Solutions Holdings Inc's payables turnover has experienced fluctuations over the past five years. The payables turnover ratio measures how efficiently a company is managing its payables by comparing the cost of goods sold to its average accounts payable balance.

In 2024, the payables turnover ratio was 7.77, indicating that the company converted its accounts payable into cash 7.77 times during the year. This ratio is lower compared to the previous year, suggesting that the company took longer to pay its suppliers or managed its payables less efficiently.

In 2023, the payables turnover ratio was 10.52, which was the highest among the five years. This high ratio indicates that the company efficiently managed its payables by paying suppliers more frequently during the year.

The payables turnover ratio decreased in 2022 to 8.75, suggesting a slight decline in the efficiency of payables management compared to the previous year.

In 2021, the ratio was 9.23, showing a moderate improvement compared to 2022 but still lower than the 2020 figure.

In 2020, the payables turnover ratio was 11.28, the highest among the five years analyzed. This suggests that the company was more efficient in managing its payables in 2020 compared to the subsequent years.

Overall, the payables turnover ratio for MACOM Technology Solutions Holdings Inc has fluctuated over the years, indicating varying levels of efficiency in managing its accounts payable. Further analysis of the company's financial statements and industry benchmarks may provide additional insights into the company's payables management practices.

Peer comparison

Sep 30, 2024