Western Digital Corporation (WDC)
Payables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 11,551,000 | 12,229,000 | 14,965,000 | 14,746,000 | 15,723,000 |
| Payables | US$ in thousands | — | — | 1,902,000 | 1,934,000 | 1,945,000 |
| Payables turnover | — | — | 7.87 | 7.62 | 8.08 |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $11,551,000K ÷ $—K
= —
The payables turnover ratio for Western Digital Corporation has shown a slight fluctuation over the past five years. In 2020, the payables turnover ratio was 8.08, indicating that the company paid off its accounts payable approximately 8.08 times during that year.
Subsequently, in 2021, the payables turnover ratio decreased to 7.62 before increasing again to 7.87 in 2022. This suggests that the company took slightly longer to pay off its accounts payable in 2021 compared to 2020 but improved its efficiency in 2022.
However, the data for 2023 and 2024 is not available in the table provided. Without this information, it is difficult to ascertain the trend in payables turnover in the most recent years.
Overall, a higher payables turnover ratio is generally favorable as it indicates the company is effectively managing its accounts payable and paying off its creditors in a timely manner. It is essential to monitor this ratio over time to assess the company's liquidity and operational efficiency.
Peer comparison
Jun 30, 2024