Axcelis Technologies Inc (ACLS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.75 | 8.31 | 9.89 | 11.49 | 7.85 | |
| Number of days of payables | days | 31.06 | 43.91 | 36.91 | 31.76 | 46.53 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.75
= 31.06
The number of days of payables for Axcelis Technologies Inc has shown variability over the past five years. In 2023, the company was able to settle its payables within an average of 31.06 days, an improvement from the previous year where it took 43.91 days to settle payables. This indicates that in 2023, Axcelis Technologies Inc managed to pay its suppliers more efficiently compared to the previous year.
Looking further back, in 2021, the company took around 36.91 days to settle payables, which was slightly lower than in 2020 when it took 31.76 days. However, in 2019, the number of days of payables was relatively high at 46.53 days, suggesting that the company took a longer time to pay its suppliers compared to the more recent years.
Overall, the trend in the number of days of payables for Axcelis Technologies Inc indicates some variability, but the company seems to have improved its efficiency in paying suppliers in 2023 compared to the previous years. It is important to consider this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's working capital management and financial performance.
Peer comparison
Dec 31, 2023