MaxLinear Inc (MXL)

Payables turnover

		Dec 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	165,746	181,641	206,205	245,466	307,600	378,032	434,688	469,281	470,483	449,349	431,088	408,263	396,566	402,083	392,529	332,173	265,798	187,563	135,252	141,202
Payables	US$ in thousands	31,378	30,628	35,634	32,392	21,551	45,203	45,901	54,578	68,576	90,845	73,140	60,214	52,976	63,635	53,483	39,061	32,751	50,574	17,832	13,597
Payables turnover		5.28	5.93	5.79	7.58	14.27	8.36	9.47	8.60	6.86	4.95	5.89	6.78	7.49	6.32	7.34	8.50	8.12	3.71	7.58	10.38

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $165,746K ÷ $31,378K
= 5.28

Based on the data provided for MaxLinear Inc's payables turnover ratio, we observe fluctuations over the periods analyzed. The payables turnover ratio measures how efficiently a company pays its suppliers by comparing the cost of goods sold to its average accounts payable balance.

Initially, in March 2020, the payables turnover was at a relatively high level of 10.38, indicating that MaxLinear was paying its suppliers more frequently. However, this ratio decreased to 3.71 by September 2020, suggesting that the company was taking longer to settle its payables during that period.

Subsequently, the payables turnover ratio improved, reaching a peak of 14.27 by December 2023, indicating that MaxLinear was paying its suppliers more rapidly. However, the ratio decreased to 5.28 by December 2024, indicating a slower pace of paying off its accounts payable compared to the previous period.

Overall, fluctuations in the payables turnover ratio may indicate changes in payment policies, negotiation terms with suppliers, or operational efficiency. It is essential for stakeholders to monitor these trends to assess the company's liquidity management and relationships with suppliers.