Micron Technology Inc (MU)
Payables turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Aug 29, 2024 | May 31, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | May 31, 2023 | Mar 2, 2023 | Feb 28, 2023 | Dec 1, 2022 | Nov 30, 2022 | Sep 1, 2022 | Aug 31, 2022 | Jun 2, 2022 | May 31, 2022 | Mar 3, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 20,849,000 | 20,738,000 | 20,699,000 | 20,431,000 | 19,807,000 | 19,273,000 | 23,344,000 | 23,019,000 | 23,499,000 | 23,953,000 | 18,063,000 | 16,835,000 | 15,946,000 | 15,068,000 | 16,459,000 | 17,874,000 | 17,927,000 | 18,016,000 | 17,586,000 | 17,101,000 |
| Payables | US$ in thousands | — | — | — | 3,039,000 | — | 2,452,000 | — | — | — | — | — | — | — | — | — | 2,623,000 | — | — | — | — |
| Payables turnover | — | — | — | 6.72 | — | 7.86 | — | — | — | — | — | — | — | — | — | 6.81 | — | — | — | — |
February 28, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $20,849,000K ÷ $—K
= —
The payables turnover ratio for Micron Technology Inc shows fluctuations over the periods provided. The ratio indicates how efficiently the company is managing its accounts payable by measuring how many times the company pays its suppliers during a specific period.
It is observed that the payables turnover ratio was not available (denoted as "—") for most of the periods, suggesting a lack of data or a specific financial reporting format by the company during those times.
However, specific values can be noted for September 1, 2022 (6.81), May 30, 2024 (7.86), and August 29, 2024 (6.72). These values indicate that during these periods, Micron Technology Inc was able to pay its suppliers approximately 6.81 to 7.86 and 6.72 times, respectively, which suggests efficient management of accounts payable.
The payables turnover ratio is an important metric as a higher ratio signifies that the company is paying its suppliers more frequently, which could indicate good liquidity or possibly favorable credit terms from suppliers. Conversely, a lower ratio could imply inefficiencies in managing payables or a lack of bargaining power with suppliers.
Overall, the payables turnover ratio for Micron Technology Inc exhibits variability but indicates a generally efficient handling of accounts payable during the periods with available data. It would be beneficial to monitor this ratio over time to assess the company's performance in managing its payables effectively.
Peer comparison
Feb 28, 2025