N-Able Inc (NABL)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 275,220 | 277,065 | 271,913 | 266,540 | 263,366 | 275,633 | 273,693 | 267,746 |
| Payables | US$ in thousands | 5,239 | 3,606 | 5,600 | 3,141 | 3,544 | 2,797 | 4,384 | 3,192 |
| Payables turnover | 52.53 | 76.83 | 48.56 | 84.86 | 74.31 | 98.55 | 62.43 | 83.88 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $275,220K ÷ $5,239K
= 52.53
The payables turnover ratio reflects how efficiently N-Able Inc is managing its trade payables by measuring the number of times the company pays off its suppliers during a specific period.
Analyzing the trend of N-Able Inc's payables turnover ratio over the past years reveals fluctuations in the company's payment behavior. The payables turnover ratio has varied significantly, ranging from a low of 48.56 in Jun 30, 2023, to a high of 98.55 in Sep 30, 2022.
A higher payables turnover ratio indicates that the company is paying off its suppliers more frequently, which could be a positive sign of strong liquidity and good relationships with suppliers. Conversely, a lower ratio suggests that the company is taking longer to settle its payables, potentially indicating liquidity issues or delayed payments.
Overall, N-Able Inc's payables turnover ratio has shown fluctuating patterns, and further analysis of the company's payment policies and cash flow management may be necessary to understand the reasons behind these variations. Additional information about the company's industry norms and peer comparisons would also provide context for a more comprehensive evaluation.
Peer comparison
Dec 31, 2023