ADEIA CORP (ADEA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Payables turnover | 20.61 | 69.66 | 1,410.02 | 37.15 | |
| Number of days of payables | days | 17.71 | 5.24 | 0.26 | 9.83 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.61
= 17.71
ADEIA CORP's number of days of payables has fluctuated over the past four years, indicating variability in how quickly the company pays its suppliers. The number of days of payables increased significantly from 2021 to 2022, suggesting a slower payment cycle. However, in 2023, there was a further increase in the number of days of payables, indicating that the company is taking even longer to pay its suppliers compared to the previous year. This trend may raise concerns about the company's liquidity position and its ability to manage its working capital effectively. Further investigation into the reasons behind the increasing number of days of payables is recommended to assess the potential impact on the company's financial health and sustainability.
Peer comparison
Dec 31, 2023