Qorvo Inc (QRVO)

Payables turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cost of revenue	US$ in thousands	2,183,380	2,281,010	2,272,460	2,359,550	2,131,740
Payables	US$ in thousands	260,663	252,993	210,701	327,915	313,868
Payables turnover		8.38	9.02	10.79	7.20	6.79

March 31, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $2,183,380K ÷ $260,663K
= 8.38

Qorvo Inc's payables turnover has shown a consistent improvement over the years. The payables turnover ratio, which measures how efficiently the company is managing its accounts payable, increased from 6.79 in March 2021 to 8.38 in March 2025. This indicates that Qorvo has been able to pay off its suppliers more frequently relative to its purchases, which may suggest improved liquidity and stronger supplier relationships. The significant increase in payables turnover from 2021 to 2023, followed by a slight decrease in 2024, implies that the company has become more effective in managing its payables over the years. Overall, the upward trend in the payables turnover ratio reflects positively on Qorvo's ability to efficiently manage its accounts payable.