STAAR Surgical Company (STAA)
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 69,764 | 68,475 | 67,389 | 63,038 | 61,008 | 60,759 | 58,226 | 54,161 | 51,835 | 49,522 | 48,681 | 46,281 | 45,098 | 43,460 | 41,254 | 40,255 | 38,231 | 36,366 | 34,272 | 33,185 |
| Payables | US$ in thousands | 13,557 | 8,786 | 11,441 | 9,102 | 11,576 | 7,567 | 12,716 | 13,421 | 8,699 | 9,092 | 7,579 | 7,834 | 7,474 | 7,830 | 8,890 | 9,507 | 8,050 | 7,535 | 8,097 | 7,018 |
| Payables turnover | 5.15 | 7.79 | 5.89 | 6.93 | 5.27 | 8.03 | 4.58 | 4.04 | 5.96 | 5.45 | 6.42 | 5.91 | 6.03 | 5.55 | 4.64 | 4.23 | 4.75 | 4.83 | 4.23 | 4.73 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $69,764K ÷ $13,557K
= 5.15
The payables turnover ratio for STAAR Surgical Company has shown fluctuations over the past few years. The ratio measures how efficiently the company manages its accounts payable by comparing the cost of goods sold to the average accounts payable during a certain period.
In the most recent quarter, the payables turnover ratio was 5.15, indicating that the company paid its suppliers approximately 5.15 times during the period. This suggests that STAAR Surgical Company is managing its accounts payable reasonably well.
Looking at the trend over the past few quarters, there has been some variability in the payables turnover ratio. It decreased from 7.79 in September 2023 to 5.89 in June 2023, before increasing again to 6.93 in March 2023. This fluctuation may reflect changes in the company's purchasing patterns or supplier relationships.
Comparing the latest ratio to the same period in the previous year, there has been an improvement as the ratio was 5.27 in December 2022. This indicates that STAAR Surgical Company has been able to more effectively manage its accounts payable compared to the previous year.
Overall, while there have been fluctuations in the payables turnover ratio, the trend suggests that STAAR Surgical Company has been managing its accounts payable in a relatively efficient manner. Further analysis and comparison to industry benchmarks could provide more insights into the company's payables management performance.
Peer comparison
Dec 31, 2023