ADEIA CORP (ADEA)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 23.35 | 20.61 | 69.66 | 1,410.02 | 37.15 | |
| Number of days of payables | days | 15.63 | 17.71 | 5.24 | 0.26 | 9.83 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.35
= 15.63
The number of days of payables for ADEIA CORP has shown some fluctuations over the past five years. It decreased from 9.83 days as of December 31, 2020, to 0.26 days by December 31, 2021, indicating a significant improvement in the company's ability to pay its accounts payable more quickly.
Subsequently, there was an increase to 5.24 days by December 31, 2022, followed by a more notable increase to 17.71 days by December 31, 2023. This suggests that the company took longer to pay its suppliers during these periods.
By December 31, 2024, the number of days of payables decreased slightly to 15.63 days, indicating some improvement in managing payables compared to the previous year.
Overall, the trend in the number of days of payables for ADEIA CORP shows variability, with some years demonstrating better management of payables compared to others. It is essential for the company to maintain an optimal balance in managing payables efficiently while maintaining strong relationships with suppliers.
Peer comparison
Dec 31, 2024