Power Integrations Inc (POWI)
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 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 215,582 | 229,699 | 238,331 | 255,097 | 284,231 | 306,293 | 323,132 | 334,786 | 342,638 | 339,848 | 316,371 | 280,870 | 244,728 | 224,272 | 218,740 | 216,737 | 207,267 | 196,337 | 193,389 | 195,344 |
Payables | US$ in thousands | 26,390 | 28,553 | 40,531 | 34,694 | 30,088 | 29,521 | 41,402 | 36,175 | 43,721 | 40,390 | 41,898 | 38,172 | 34,712 | 43,623 | 42,871 | 37,156 | 27,433 | 30,542 | 35,985 | 33,432 |
Payables turnover | 8.17 | 8.04 | 5.88 | 7.35 | 9.45 | 10.38 | 7.80 | 9.25 | 7.84 | 8.41 | 7.55 | 7.36 | 7.05 | 5.14 | 5.10 | 5.83 | 7.56 | 6.43 | 5.37 | 5.84 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $215,582K ÷ $26,390K
= 8.17
The payables turnover ratio of Power Integrations Inc. has been fluctuating over the past 8 quarters. The ratio indicates how efficiently the company is managing its accounts payable by paying off its suppliers.
In Q4 2023, the payables turnover ratio was 8.17, slightly higher than the previous quarter. This suggests that the company is paying off its suppliers at a faster rate compared to Q3. However, the ratio is lower than the levels seen in Q2 and Q1 2022, indicating a potential slowdown in payables turnover efficiency.
Overall, Power Integrations Inc. has shown variations in its payables turnover ratio, reflecting changes in its payment practices and relationship with suppliers. Further analysis and comparisons with industry benchmarks would provide a more comprehensive understanding of the company's performance in managing its payables.
Peer comparison
Dec 31, 2023