VeriSign Inc (VRSN)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	197,300	200,700	191,900	180,200	180,467
Payables	US$ in thousands	12,500	9,800	8,997	12,340	15,907
Payables turnover		15.78	20.48	21.33	14.60	11.35

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $197,300K ÷ $12,500K
= 15.78

To calculate Verisign Inc.'s payables turnover, we need to use the following formula:

Payables Turnover = Cost of Goods Sold / Average Accounts Payable

The Cost of Goods Sold for Verisign Inc. can be found in the company's income statement, while the Average Accounts Payable can be calculated by taking the average of the accounts payable balances at the beginning and end of the year.

Without the specific data for Cost of Goods Sold and Accounts Payable for the respective years provided in the table, we are unable to calculate the payables turnover for Verisign Inc. for the years 2019 to 2023. This ratio is essential in assessing how efficiently the company is managing its payments to suppliers.

Therefore, further information is needed to analyze Verisign Inc.'s payables turnover and its implications for the company's operations and financial health.