NXP Semiconductors NV (NXPI)
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 | 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 | Sep 30, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,723,000 | 5,659,000 | 5,668,000 | 5,680,000 | 5,688,000 | 5,599,000 | 5,399,000 | 5,143,000 | 4,996,000 | 4,883,000 | 4,782,000 | 4,565,000 | 4,377,000 | 4,250,000 | 4,152,000 | 4,355,000 | |||
| Payables | US$ in thousands | 1,164,000 | 959,000 | 967,000 | 1,002,000 | 1,185,000 | 1,534,000 | 1,462,000 | 1,369,000 | 1,252,000 | 1,140,000 | 1,167,000 | 1,033,000 | 991,000 | 697,000 | 729,000 | 895,000 | 944,000 | 862,000 | 999,000 |
| Payables turnover | 4.92 | 5.90 | 5.86 | 5.67 | 4.80 | 3.65 | 3.69 | 3.76 | 3.99 | 4.28 | 4.10 | 4.42 | 4.42 | 6.10 | 5.70 | 4.87 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,723,000K ÷ $1,164,000K
= 4.92
NXP Semiconductors NV's payables turnover has shown fluctuations over the past eight quarters. The payables turnover ratio represents how efficiently the company is managing its trade payables by comparing the amount of purchases made on credit to the average accounts payable during a specific period.
In the most recent quarter, Q4 2023, NXP Semiconductors NV had a payables turnover of 4.92, indicating that the company paid its suppliers approximately 4.92 times during the quarter. This is a decrease from the previous quarter's figure of 5.90. Despite the decline, the ratio remains relatively high, signaling that the company is efficient in managing its accounts payable.
When compared to the same quarter in the previous year, Q4 2022, there has been a notable improvement in payables turnover, as the ratio has increased from 3.52 to 4.92. This suggests that NXP Semiconductors NV has enhanced its ability to settle its payables more swiftly.
Overall, the trend in NXP Semiconductors NV's payables turnover shows variability but with an upward trajectory in recent quarters. This improvement indicates that the company may be benefiting from stronger liquidity, better vendor relationships, or enhanced cash management practices. However, it is essential to continue monitoring this ratio to ensure that the company's payables management remains efficient and effective.
Peer comparison
Dec 31, 2023