Qualcomm Incorporated (QCOM)
Payables turnover
| Sep 30, 2024 | Jun 23, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 17,059,000 | 16,472,000 | 16,090,000 | 16,137,000 | 15,869,000 | 16,857,000 | 17,881,000 | 18,376,000 | 18,635,000 | 17,704,000 | 16,292,000 | 15,076,000 | 14,262,000 | 13,091,000 | 11,767,000 | 10,632,000 | 9,256,000 | 8,608,000 | 8,642,000 | 8,524,000 |
| Payables | US$ in thousands | 2,584,000 | 2,586,000 | 2,314,000 | 2,147,000 | 1,912,000 | 1,744,000 | 1,430,000 | 2,562,000 | 3,796,000 | 3,752,000 | 3,724,000 | 3,526,000 | 2,750,000 | 2,709,000 | 2,548,000 | 2,429,000 | 2,248,000 | 2,046,000 | 2,061,000 | 1,718,000 |
| Payables turnover | 6.60 | 6.37 | 6.95 | 7.52 | 8.30 | 9.67 | 12.50 | 7.17 | 4.91 | 4.72 | 4.37 | 4.28 | 5.19 | 4.83 | 4.62 | 4.38 | 4.12 | 4.21 | 4.19 | 4.96 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $17,059,000K ÷ $2,584,000K
= 6.60
Qualcomm Incorporated's payables turnover has fluctuated over the past few years. The payables turnover ratio indicates how efficiently the company is managing its outstanding payments to suppliers. A higher ratio suggests that the company is paying its suppliers more quickly.
The payables turnover ratio for Qualcomm has generally been on a declining trend since March 2023, when it peaked at 12.50. The ratio has since decreased, indicating that Qualcomm is taking longer to pay its suppliers. However, it is important to note that even at the current ratio of 6.60 as of September 30, 2024, Qualcomm is still paying its suppliers efficiently.
The downward trend in payables turnover could be due to various factors, such as changes in the company's payment terms with suppliers, changes in procurement strategies, or shifts in the industry dynamics. It is essential for Qualcomm to monitor its payables turnover ratio to ensure that it strikes the right balance between managing cash flows effectively and maintaining good relationships with its suppliers.
Peer comparison
Sep 30, 2024