Onto Innovation Inc (ONTO)
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 | 472,014 | 451,373 | 435,875 | 411,985 | 395,614 | 400,772 | 415,843 | 449,825 | 465,962 | 451,755 | 427,582 | 391,330 | 359,813 | 337,751 | 304,124 | 279,556 | 278,043 | 279,235 | 253,055 | 219,292 |
| Payables | US$ in thousands | 56,261 | 47,986 | 51,373 | 55,907 | 49,869 | 44,466 | 49,600 | 53,700 | 54,526 | 63,951 | 72,248 | 70,757 | 53,345 | 50,867 | 46,685 | 45,622 | 40,183 | 37,486 | 34,318 | 32,205 |
| Payables turnover | 8.39 | 9.41 | 8.48 | 7.37 | 7.93 | 9.01 | 8.38 | 8.38 | 8.55 | 7.06 | 5.92 | 5.53 | 6.75 | 6.64 | 6.51 | 6.13 | 6.92 | 7.45 | 7.37 | 6.81 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $472,014K ÷ $56,261K
= 8.39
The payables turnover ratio for Onto Innovation Inc has shown some fluctuations over the past few years. It measures the efficiency with which the company pays its suppliers.
Based on the data provided:
- The payables turnover ratio gradually increased from March 31, 2020 to September 30, 2022, indicating that the company was paying its suppliers at a faster rate during this period.
- It peaked at 9.41 on September 30, 2024, suggesting an efficient management of payables during that quarter.
- However, the ratio decreased slightly in the following quarter to 8.39 on December 31, 2024.
Overall, Onto Innovation Inc's payables turnover ratio has demonstrated some variability, but generally reflects a consistent effort to manage its payables effectively. Further analysis of the company's payment practices and its relationships with suppliers may provide additional insights into its financial performance and operational efficiency.
Peer comparison
Dec 31, 2024