VeriSign Inc (VRSN)

Payables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	191,400	197,300	200,700	191,900	180,200
Payables	US$ in thousands	10,600	12,500	9,800	8,997	12,340
Payables turnover		18.06	15.78	20.48	21.33	14.60

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $191,400K ÷ $10,600K
= 18.06

The payables turnover for VeriSign Inc has shown varying trends over the past five years. In December 2020, the payables turnover ratio was 14.60, indicating that the company was paying its suppliers approximately 14.60 times within the year.

By December 2021, the payables turnover increased significantly to 21.33, suggesting that VeriSign Inc was managing its accounts payables more efficiently by paying its suppliers more frequently. This trend continued in December 2022 with a slightly lower ratio of 20.48, indicating that the company was maintaining a strong ability to meet its payables obligations.

In December 2023, there was a decrease in the payables turnover ratio to 15.78, signaling a potential delay in payables management compared to the previous year. However, by December 2024, the payables turnover ratio improved to 18.06, indicating that VeriSign Inc was again paying its suppliers more frequently.

Overall, the trend in VeriSign Inc's payables turnover shows fluctuations but generally demonstrates an ability to effectively manage its accounts payables over the five-year period.