Viavi Solutions Inc (VIAV)
Payables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 424,500 | 467,300 | 518,900 | 484,500 | 471,000 |
| Payables | US$ in thousands | 50,400 | 47,200 | 58,300 | 63,200 | 53,000 |
| Payables turnover | 8.42 | 9.90 | 8.90 | 7.67 | 8.89 |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $424,500K ÷ $50,400K
= 8.42
Viavi Solutions Inc's payables turnover has exhibited fluctuations over the past five years. The ratio decreased from 8.89 in 2020 to 7.67 in 2021, indicating a decrease in the company's ability to manage its payables efficiently. However, the ratio improved in the following years, reaching 9.90 in 2023 before slightly declining to 8.42 in 2024. This suggests that the company has been more effective in managing its payables in recent years compared to 2021. Overall, Viavi Solutions Inc's payables turnover has remained relatively stable, reflecting variations in the company's payment policies and relationships with suppliers.
Peer comparison
Jun 30, 2024