VeriSign Inc (VRSN)

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	197,300	199,300	200,700	199,900	200,700	199,500	197,300	195,600	191,900	188,595	185,819	181,627	180,200	180,659	180,078	180,536	180,467	182,381	186,187	189,486
Payables	US$ in thousands	12,500	9,400	7,600	6,600	9,800	7,900	8,900	7,400	8,997	6,233	11,739	11,253	12,340	10,469	14,964	10,434	15,907	4,849	8,018	7,028
Payables turnover		15.78	21.20	26.41	30.29	20.48	25.25	22.17	26.43	21.33	30.26	15.83	16.14	14.60	17.26	12.03	17.30	11.35	37.61	23.22	26.96

December 31, 2023 calculation

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

Unfortunately, without the specific data for payables turnover for Verisign Inc. in the provided quarters, a comprehensive analysis of the trend and performance over time cannot be conducted. The payables turnover ratio is crucial in evaluating how efficiently a company manages its short-term liabilities and pays its suppliers. It essentially measures how many times a company pays off its average accounts payable balance during a certain period. The ratio is calculated by dividing the total purchases by the average accounts payable.

To perform a detailed analysis of Verisign Inc.'s payables turnover, the specific data for each quarter as shown in the table is needed. This data would allow for an evaluation of the company's ability to manage its accounts payable efficiently, assess any changes in payment practices, and compare the performance over different time periods. It is important to track variations in the payables turnover ratio as it can indicate changes in the company's liquidity, cash flow management, and relationships with suppliers.