Vicor Corporation (VICR)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 271,989 | 270,037 | 273,605 | 279,153 | 285,910 | 299,213 | 303,692 | 307,115 | 304,859 | 291,668 | 272,221 | 258,943 | 250,744 | 242,648 | 243,205 | 237,009 | 228,398 | 218,497 | 211,733 | 205,103 |
| Payables | US$ in thousands | 8,737 | 15,724 | 12,269 | 12,439 | 12,100 | 14,146 | 15,325 | 16,790 | 22,207 | 24,004 | 32,032 | 22,572 | 21,189 | 18,346 | 22,081 | 16,365 | 14,121 | 11,911 | 15,647 | 13,440 |
| Payables turnover | 31.13 | 17.17 | 22.30 | 22.44 | 23.63 | 21.15 | 19.82 | 18.29 | 13.73 | 12.15 | 8.50 | 11.47 | 11.83 | 13.23 | 11.01 | 14.48 | 16.17 | 18.34 | 13.53 | 15.26 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $271,989K ÷ $8,737K
= 31.13
The payables turnover of Vicor Corporation shows the efficiency with which the company is managing its accounts payable. A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly.
Analyzing the data provided, we observe fluctuations in Vicor Corporation's payables turnover over the given periods. The payables turnover ratio ranged from a high of 31.13 in December 2024 to a low of 8.50 in June 2022. Generally, a higher payables turnover ratio is favorable as it suggests the company is efficiently managing its payables.
It is important to note that a very high turnover ratio may indicate that the company is paying off its payables too quickly, potentially impacting cash flow and vendor relationships. Conversely, a very low turnover ratio may suggest that the company is taking longer to pay its suppliers, which could also have implications for vendor relationships and possibly indicate cash flow issues.
Overall, Vicor Corporation's payables turnover ratio fluctuated over the given periods, and additional analysis in conjunction with other financial metrics would be needed to fully assess the company's financial health and performance in managing its payables effectively.
Peer comparison
Dec 31, 2024