OSI Systems Inc (OSIS)

Payables turnover

		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	Dec 31, 2019	Sep 30, 2019
Cost of revenue (ttm)	US$ in thousands	1,299,882	1,236,867	1,152,701	1,101,297	1,094,943	1,038,353	1,030,653	1,008,478	1,011,412	1,013,233	1,004,901	1,004,027	993,035	949,277	965,888	992,463	1,018,149	1,047,561	1,052,630	1,054,881
Payables	US$ in thousands	191,149	172,115	163,661	164,422	139,011	127,255	129,336	144,420	125,204	129,812	128,164	140,544	141,263	122,719	90,029	92,605	84,940	103,797	106,344	100,942
Payables turnover		6.80	7.19	7.04	6.70	7.88	8.16	7.97	6.98	8.08	7.81	7.84	7.14	7.03	7.74	10.73	10.72	11.99	10.09	9.90	10.45

June 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,299,882K ÷ $191,149K
= 6.80

The payables turnover ratio for OSI Systems Inc has shown fluctuations over the past several quarters. It indicates how efficiently the company is managing its accounts payable by calculating how many times during a period the company pays off its average accounts payable balance.

The payables turnover ratio has ranged between 6.70 to 11.99 over the analyzed periods. A higher payables turnover ratio generally implies that the company is managing its payables effectively, as it is paying off its suppliers more frequently.

OSI Systems Inc's payables turnover ratio has fluctuated, indicating varying levels of efficiency in managing its accounts payable. However, a trend analysis over time can provide more insights into the company's ability to effectively manage its working capital and vendor relationships.