VeriSign Inc (VRSN)

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	191,400	191,500	193,300	196,500	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
Payables	US$ in thousands	10,600	8,400	9,000	9,400	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
Payables turnover		18.06	22.80	21.48	20.90	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

December 31, 2024 calculation

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

VeriSign Inc's payables turnover ratio has exhibited fluctuations over the periods indicated. The payables turnover ratio measures the efficiency with which a company manages its accounts payable by paying off its suppliers. A higher turnover ratio generally indicates that the company is paying its suppliers more frequently.

From March 31, 2020, to December 31, 2024, the payables turnover ratio ranged from a low of 12.03 to a high of 30.29. The ratio peaked at 30.29 on March 31, 2023, suggesting that VeriSign was paying off its payables at a faster rate during that period. Conversely, the ratio dropped to 12.03 on June 30, 2020, indicating a longer time taken to pay off suppliers.

Overall, it is essential to analyze the trend of the payables turnover ratio over time to understand the company's payment behavior towards its suppliers and its cash flow management efficiency.