Wolfspeed Inc (WOLF)

Payables turnover

		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	Dec 31, 2019	Sep 30, 2019
Cost of revenue (ttm)	US$ in thousands	977,000	955,800	942,900	902,500	882,100	849,400	805,100	766,300	708,900	604,700	569,800	537,300	703,300	756,200	819,200	917,200	820,200	827,800	1,061,922	1,189,448
Payables	US$ in thousands	53,000	52,400	46,100	64,900	44,900	45,300	132,200	55,900	57,800	54,100	46,800	38,200	44,200	75,700	85,100	123,700	106,900	90,800	91,300	84,500
Payables turnover		18.43	18.24	20.45	13.91	19.65	18.75	6.09	13.71	12.26	11.18	12.18	14.07	15.91	9.99	9.63	7.41	7.67	9.12	11.63	14.08

June 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $977,000K ÷ $53,000K
= 18.43

The payables turnover ratio for Wolfspeed Inc shows a fluctuating trend over the past two years. From December 2019 to December 2020, the company experienced an increasing trend in payables turnover, indicating a better ability to manage its accounts payable. However, in the subsequent quarters, there were fluctuations in the ratio, with some periods showing a significant increase while others showing a decrease.

The highest payables turnover ratio was observed in December 2020 at 20.45, suggesting that the company was able to pay off its suppliers more frequently during that period. The lowest ratio was noted in March 2022 at 6.09, indicating a longer time taken to pay off suppliers compared to other periods.

Overall, the payables turnover ratio for Wolfspeed Inc has shown variability, which may reflect changes in the company's purchasing and payment processes, as well as its relationships with suppliers. Further analysis of the underlying factors driving these fluctuations could provide more insight into the company's financial management and operational efficiency.