MaxLinear Inc (MXL)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 307,600 | 470,483 | 396,566 | 265,798 | 149,495 |
| Payables | US$ in thousands | 21,551 | 68,576 | 52,976 | 32,751 | 13,442 |
| Payables turnover | 14.27 | 6.86 | 7.49 | 8.12 | 11.12 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $307,600K ÷ $21,551K
= 14.27
The payables turnover ratio for MaxLinear Inc has shown variations over the past five years. The ratio increased significantly from 2019 to 2020, indicating that the company's ability to manage its accounts payable improved. However, there was a decrease in the payables turnover ratio in 2021 and 2022, suggesting a longer period of time for the company to pay its suppliers. The most recent data for 2023 shows a substantial increase in the payables turnover ratio, indicating an improvement in the company's efficiency in paying its creditors. Overall, the analysis of the payables turnover suggests fluctuations in the company's management of payable accounts, which may warrant further investigation for underlying reasons.
Peer comparison
Dec 31, 2023