Sanmina Corporation

NASDAQ SANM

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Sanmina Corporation Accounts Payable Turnover Ratio 2 year CAGR for the year ending September 30, 2023: 9.59%

Sanmina Corporation Accounts Payable Turnover Ratio 2 year CAGR is 9.59% for the year ending September 30, 2023, a 153.90% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Sanmina Corporation Accounts Payable Turnover Ratio for the year ending September 30, 2022 was 3.89, a -15.72% change year over year.
Sanmina Corporation Accounts Payable Turnover Ratio for the year ending September 30, 2021 was 4.61, a -19.80% change year over year.
Sanmina Corporation Accounts Payable Turnover Ratio for the year ending September 30, 2020 was 5.75, a -6.60% change year over year.
Sanmina Corporation Accounts Payable Turnover Ratio for the year ending September 30, 2019 was 6.16, a 34.04% change year over year.

NASDAQ: SANM

Sanmina Corporation

CEO	Mr. Jure Sola
IPO Date	April 14, 1993
Location	United States
Headquarters	2700 North First Street, San Jose, CA, United States, 95134
Employees	34,000
Sector	Technology
Industry	Electronic components

Description

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems. In addition, the company provides components, such as printed circuit boards, backplane and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts, and plastic injected molded parts; memory solutions; storage platforms; optical, radio frequency, and microelectronic solutions; defense and aerospace product, design, manufacturing, repair, and refurbishment services; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud solutions. Sanmina Corporation was incorporated in 1980 and is headquartered in San Jose, California.

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