Semtech Corporation (SMTC)

Payables turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Cost of revenue (ttm)	US$ in thousands	450,768	434,421	792,364	790,406	849,981	885,772	908,827	934,487	838,687	955,819	522,013	496,207	499,047	360,603	369,450	330,114	365,056	319,967	360,918	362,039
Payables	US$ in thousands	—	—	—	—	—	45,051	—	55,008	—	52,473	—	—	100,676	—	45,072	—	—	—	—	50,695
Payables turnover		—	—	—	—	—	19.66	—	16.99	—	18.22	—	—	4.96	—	8.20	—	—	—	—	7.14

January 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $450,768K ÷ $—K
= —

The payables turnover ratio measures how efficiently a company is managing its payments to suppliers and vendors. A higher payables turnover ratio generally indicates that the company is paying its suppliers more frequently or quickly.

Based on the available data for Semtech Corporation, the payables turnover ratio fluctuates over the years. It was 7.14 on January 30, 2022, increased to 8.20 on October 30, 2022, dropped to 4.96 on January 29, 2023, significantly increased to 18.22 on July 30, 2023, and then remained relatively high at 16.99 on October 29, 2023, and further increased to 19.66 on January 28, 2024.

The company seems to have been managing its payables more efficiently in recent periods, as seen by the increasing trend in the payables turnover ratio. This suggests that Semtech Corporation may be paying its suppliers at a faster rate, which could be positive for cash flow management and relationship with suppliers.

However, the absence of data for some periods limits a more comprehensive analysis of the payables turnover trend over time. It would be beneficial to monitor this ratio consistently to assess the company's payment practices and financial health accurately.