Silicon Laboratories Inc (SLAB)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 272,198 | 321,672 | 381,549 | 295,468 | 216,083 |
| Payables | US$ in thousands | 42,448 | 57,498 | 89,860 | 47,327 | 54,949 |
| Payables turnover | 6.41 | 5.59 | 4.25 | 6.24 | 3.93 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $272,198K ÷ $42,448K
= 6.41
The payables turnover ratio for Silicon Laboratories Inc has shown fluctuations over the years. In December 2020, the ratio was 3.93, indicating that the company was able to pay off its accounts payable nearly 4 times during the year. By December 2021, the ratio improved to 6.24, suggesting more efficient management of payables. In 2022, the ratio decreased to 4.25, indicating a decrease in the frequency of paying off accounts payable. However, in December 2023, the ratio increased to 5.59, showing an improvement in payables turnover. By December 2024, the ratio further increased to 6.41, indicating that the company was able to pay off its accounts payable over 6 times during the year. Overall, the trend in payables turnover for Silicon Laboratories Inc shows variability but generally trending towards higher turnover rates in recent years, which can indicate effective management of payable obligations.
Peer comparison
Dec 31, 2024