Axcelis Technologies Inc (ACLS)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.75 | 10.38 | 9.70 | 9.17 | 8.31 | 8.85 | 9.15 | 8.15 | 9.89 | 9.27 | 7.15 | 6.89 | 11.49 | 11.14 | 8.15 | 8.37 | 7.85 | 9.26 | 9.83 | 8.16 | |
| Number of days of payables | days | 31.06 | 35.16 | 37.64 | 39.81 | 43.91 | 41.26 | 39.88 | 44.81 | 36.91 | 39.38 | 51.03 | 52.98 | 31.76 | 32.78 | 44.77 | 43.63 | 46.53 | 39.40 | 37.11 | 44.73 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.75
= 31.06
The trend of Axcelis Technologies Inc's number of days of payables over the past eight quarters indicates a slight decrease in the number of days it takes for the company to pay its suppliers. In Q4 2023, the number of days of payables was 31.06 days, which was lower compared to the previous quarter at 35.16 days in Q3 2023. This trend of decreasing days of payables suggests that Axcelis Technologies Inc may be paying its suppliers more efficiently and managing its working capital effectively. However, it is essential to continue monitoring this trend to ensure that the company maintains a balance between managing cash flow and maintaining good relationships with its suppliers.
Peer comparison
Dec 31, 2023