Qualcomm Incorporated (QCOM)
Payables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 15,869,000 | 18,635,000 | 14,262,000 | 9,255,000 | 8,599,000 |
| Payables | US$ in thousands | 1,912,000 | 3,796,000 | 2,750,000 | 2,248,000 | 1,368,000 |
| Payables turnover | 8.30 | 4.91 | 5.19 | 4.12 | 6.29 |
September 30, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $15,869,000K ÷ $1,912,000K
= 8.30
Qualcomm Incorporated's payables turnover has shown variability over the past five years. The payables turnover ratio indicates how many times a company pays off its accounts payable during a specific period. A higher payables turnover ratio suggests that the company is paying off its suppliers more quickly.
In 2023, Qualcomm's payables turnover ratio increased significantly to 8.30 compared to the previous year's 4.91. This may indicate that Qualcomm is managing its payables more efficiently and paying off its suppliers at a faster rate. A higher payables turnover ratio could also suggest improved liquidity and a better relationship with suppliers.
Looking back at the trend, Qualcomm's payables turnover ratio has fluctuated over the last five years, with the ratio peaking in 2023 and hitting a low in 2020. It is important to assess the company's payables turnover ratio in conjunction with other financial metrics to gain a comprehensive understanding of Qualcomm's financial performance and management of its accounts payable.
Peer comparison
Sep 30, 2023