Vishay Intertechnology Inc (VSH)
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 | 2,427,552 | 2,449,158 | 2,468,408 | 2,436,060 | 2,438,412 | 2,445,350 | 2,398,017 | 2,385,576 | 2,352,574 | 2,254,354 | 2,154,878 | 2,016,077 | 1,919,995 | 1,879,315 | 1,869,114 | 1,928,706 | 1,997,105 | 2,079,091 | 2,145,517 | 2,168,670 |
| Payables | US$ in thousands | 191,002 | 207,440 | 234,004 | 219,802 | 189,099 | 223,898 | 243,496 | 235,755 | 254,049 | 221,666 | 224,226 | 206,741 | 196,203 | 159,016 | 148,727 | 153,999 | 173,915 | 141,472 | 160,222 | 192,221 |
| Payables turnover | 12.71 | 11.81 | 10.55 | 11.08 | 12.89 | 10.92 | 9.85 | 10.12 | 9.26 | 10.17 | 9.61 | 9.75 | 9.79 | 11.82 | 12.57 | 12.52 | 11.48 | 14.70 | 13.39 | 11.28 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,427,552K ÷ $191,002K
= 12.71
The payables turnover ratio of Vishay Intertechnology, Inc. has exhibited fluctuations over the past eight quarters. The ratio indicates how efficiently the company is managing its accounts payable by measuring how many times during a period the company pays off its average accounts payable balance.
In Q4 2023, the payables turnover ratio was 12.71, which is an improvement from the previous quarter's ratio of 11.81. This suggests that the company was able to pay off its suppliers more frequently in the most recent quarter, which may indicate better cash flow management or stronger supplier relationships.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there was a slight decrease in the payables turnover ratio from 12.89 to 12.71. This could indicate a change in payment terms with suppliers or fluctuations in purchasing patterns.
Overall, the payables turnover ratio has shown variability over the past eight quarters, with some quarters exhibiting higher turnover rates than others. It is essential for investors and stakeholders to monitor this ratio over time to understand how effectively Vishay Intertechnology, Inc. is managing its accounts payable and its impact on cash flow and working capital management.
Peer comparison
Dec 31, 2023