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