MACOM Technology Solutions Holdings Inc (MTSI)

Payables turnover

		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	Dec 31, 2019
Cost of revenue (ttm)	US$ in thousands	335,805	308,686	282,005	262,699	262,610	268,497	273,818	273,260	268,988	264,352	261,988	262,300	265,065	269,598	270,636	267,220	259,871	249,661	257,748	265,829
Payables	US$ in thousands	43,202	40,288	44,341	27,137	24,966	27,409	31,095	35,647	30,733	42,725	30,999	33,936	28,712	25,980	26,473	28,158	23,043	25,599	26,428	24,327
Payables turnover		7.77	7.66	6.36	9.68	10.52	9.80	8.81	7.67	8.75	6.19	8.45	7.73	9.23	10.38	10.22	9.49	11.28	9.75	9.75	10.93

September 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $335,805K ÷ $43,202K
= 7.77

MACOM Technology Solutions Holdings Inc's payables turnover ratio shows a fluctuating trend over the past two years. The ratio ranged from a low of 6.19 in June 2022 to a high of 11.28 in December 2019. This indicates that the company took around 7.77 to 11.28 times to pay off its accounts payable during the periods in question.

A higher payables turnover ratio suggests that the company is able to efficiently manage its accounts payable by paying them off more quickly. Conversely, a lower ratio may indicate that the company is taking longer to pay its suppliers.

Overall, the payables turnover ratio for MACOM Technology Solutions Holdings Inc has shown variability, and further analysis would be needed to determine the underlying reasons for the fluctuations and the implications for the company's financial management and supplier relationships.