Sandisk Corp (SNDK)
Payables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,143,000 | 5,591,000 | 5,656,000 | 6,510,000 | 3,307,800 |
| Payables | US$ in thousands | 366,000 | 670,000 | 626,000 | 788,000 | — |
| Payables turnover | 14.05 | 8.34 | 9.04 | 8.26 | — |
June 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,143,000K ÷ $366,000K
= 14.05
The payables turnover ratio for Sandisk Corp demonstrates notable variability over the specified period. As of December 31, 2015, data for payables turnover was unavailable, indicating either the absence of relevant data or non-reporting at that time. By June 30, 2022, the payables turnover stood at 8.26, reflecting the company's efficiency in settling its trade payables within the period. This ratio increased slightly to 9.04 by June 30, 2023, suggesting an improvement in the company's ability to pay its suppliers more quickly or a change toward faster inventory turnover or procurement practices.
However, into the subsequent year, the ratio declined marginally to 8.34 by June 30, 2024, indicating a slight slowdown in the rate at which payables were cleared relative to net credit purchases. The most significant change occurred between June 30, 2024, and June 30, 2025, when the ratio surged to 14.05. This sharp increase signals a substantial reduction in the duration of payables, potentially reflecting more prompt payments to suppliers, strategic changes in credit terms, or alterations in procurement or inventory strategies.
Overall, the trend shows a rising payables turnover ratio from mid-2022 to mid-2025, with a particularly marked acceleration in the latter year. The increased ratio implies that the company became more efficient in settling its trade payables over this period, potentially indicating improved cash flow management or changes in supplier payment policies.
Peer comparison
Jun 30, 2025