ADEIA CORP (ADEA)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 23.35 24.80 40.89 41.04 20.61 -4.91 26.79 123.87 69.66 42.08 45.51 54.81 1,409.95 32.12 36.74 22.13
Number of days of payables days 15.63 14.72 8.93 8.89 17.71 — 13.63 2.95 5.24 8.67 8.02 6.66 0.26 11.36 9.94 16.49

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.35
= 15.63

ADEIA CORP's number of days of payables has shown fluctuations over the periods analyzed. For instance, as of December 31, 2021, the number of days of payables was exceptionally low at 0.26 days, indicating that the company took very little time to pay its obligations to suppliers. However, in subsequent periods, the number of days increased, reaching peaks of 17.71 days on December 31, 2023, and 15.63 days on December 31, 2024.

The data reveals that the company may have at times stretched its payables period, potentially holding onto cash longer before fulfilling its financial obligations. This could be a strategy to manage cash flow or take advantage of supplier credit terms. On the other hand, lower days of payables might indicate efficient management of payables but could also suggest challenges in meeting payment deadlines or strained supplier relationships if the trend persists.

Overall, understanding the trend in the number of days of payables can provide valuable insights into ADEIA CORP's liquidity management, supplier relationships, and financial health over time. It is essential for stakeholders to monitor this metric alongside other financial ratios to assess the company's financial performance and sustainability.