Revvity Inc. (RVTY)

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	Jul 5, 2020	Apr 5, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	1,143,095	1,904,313	1,569,700	1,247,068	1,321,992	1,401,220	1,434,916	1,427,595	1,393,821	1,537,249	1,635,374	1,663,144	1,672,868	1,552,642	1,480,710	1,491,060	1,487,618	1,460,402	1,437,740	1,426,238
Payables	US$ in thousands	204,121	188,302	235,721	266,884	272,826	275,824	333,711	376,694	324,811	320,435	324,711	339,326	327,325	258,038	255,137	233,227	235,855	190,261	188,051	219,341
Payables turnover		5.60	10.11	6.66	4.67	4.85	5.08	4.30	3.79	4.29	4.80	5.04	4.90	5.11	6.02	5.80	6.39	6.31	7.68	7.65	6.50

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,143,095K ÷ $204,121K
= 5.60

Revvity Inc.'s payables turnover ratio has exhibited fluctuations over the past eight quarters, ranging from a low of 3.30 in Q2 2023 to a high of 7.48 in Q3 2022. The payables turnover ratio measures how quickly a company pays its suppliers; a higher ratio indicates the company is paying its suppliers more quickly.

In Q4 2023, Revvity Inc.'s payables turnover ratio was 5.93, which suggests that the company paid its suppliers approximately 5.93 times during the quarter. This is an improvement compared to the previous quarter but lower than the peak ratio seen in Q3 2022.

The upward trend in the payables turnover ratio from Q2 2023 to Q4 2023 may indicate that Revvity Inc. is managing its payables more efficiently by paying its suppliers more frequently. However, it is important to consider the context of the industry and company norms when evaluating the payables turnover ratio. Further analysis and comparison with industry benchmarks are recommended to gain a deeper understanding of Revvity Inc.'s payables management practices.