Vicor Corporation (VICR)
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 | 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 | 202,676 | 208,190 | 209,288 | 214,497 |
| Payables | US$ in thousands | 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 | 9,005 | 10,329 | 10,819 | 11,177 |
| Payables turnover | 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 | 22.51 | 20.16 | 19.34 | 19.19 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $285,910K ÷ $12,100K
= 23.63
The payables turnover for Vicor Corp. has shown a consistent upward trend over the past eight quarters, indicating efficient management of its accounts payable. The payables turnover ratio has increased from 8.32 in Q1 2022 to 16.54 in Q4 2023. This suggests that Vicor Corp. is paying off its suppliers more frequently within each accounting period.
A higher payables turnover ratio typically implies that the company is effectively managing its trade credit obligations and could potentially negotiate better credit terms with suppliers. This trend also suggests that Vicor Corp. is efficiently utilizing its working capital to fund operations and manage cash flow effectively.
Overall, the increasing trend in payables turnover for Vicor Corp. reflects positively on its liquidity management and operational efficiency in handling accounts payable obligations.
Peer comparison
Dec 31, 2023