Qorvo Inc (QRVO)

Payables turnover

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 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
Cost of revenue (ttm)	US$ in thousands	2,156,205	2,239,602	2,400,934	2,413,534	2,281,261	2,197,115	1,986,112	1,991,439	2,229,453	2,350,287	2,440,921	2,455,486	2,359,546	2,307,982	2,299,200	2,234,247	2,131,741	2,039,477	1,983,357	1,897,731
Payables	US$ in thousands	260,663	283,341	321,880	304,381	252,993	282,954	275,256	294,171	210,701	225,111	322,247	327,879	327,915	357,879	521,569	352,143	313,868	301,576	242,147	225,905
Payables turnover		8.27	7.90	7.46	7.93	9.02	7.76	7.22	6.77	10.58	10.44	7.57	7.49	7.20	6.45	4.41	6.34	6.79	6.76	8.19	8.40

March 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,156,205K ÷ $260,663K
= 8.27

The payables turnover ratio measures how efficiently a company manages its accounts payable by determining how many times a company pays off its suppliers during a specific period. A higher payables turnover ratio suggests that the company is paying its suppliers more frequently, indicating efficient management of payables.

Analyzing the trend in Qorvo Inc's payables turnover ratio from June 30, 2020, to March 31, 2025, we observe fluctuations in the ratio over time. The ratio started at 8.40 on June 30, 2020, and generally declined, reaching a low of 4.41 on September 30, 2021. This indicates a potential delay in payments to suppliers during this period.

However, the payables turnover ratio started to recover, increasing to 10.58 on March 31, 2023, and then fluctuating within a range between 6.34 and 9.02 until March 31, 2025. These fluctuations suggest some variability in the company's management of accounts payable during the analyzed period.

Overall, Qorvo Inc's payables turnover ratio demonstrates some volatility, indicating varying levels of efficiency in managing payables over the years. It is important for stakeholders to closely monitor this ratio to assess the company's ability to effectively manage its supplier payments.