ADEIA CORP (ADEA)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 17.71 | — | 13.63 | 2.95 | 5.24 | 8.67 | 8.02 | 6.66 | 0.26 | 11.36 | 9.94 | 16.49 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.61
= 17.71
The number of days of payables for ADEIA CORP has shown some variability over the past few quarters. Based on the data provided, the number of days of payables was 17.71 days at the end of December 2023, which was higher compared to the previous quarter where the data is not available. In the quarter ending June 2023, the number of days of payables was 13.63 days, indicating that the company took slightly longer to pay its suppliers during that period.
Looking back further to the quarters ending March 2023 and December 2022, the number of days of payables was 2.95 days and 5.24 days respectively, indicating a tighter control on payables during those periods. The trend continues with the quarters ending September 2022 and June 2022, where the number of days of payables was 8.67 days and 8.02 days respectively, showing a slight increase compared to the preceding quarters.
However, there was a significant decrease in the number of days of payables in the quarter ending March 2022, where it was only 0.26 days, indicating that the company paid its suppliers almost immediately during that period. This was followed by an increase in the number of days of payables to 11.36 days in the quarter ending December 2021, showing a shift towards a longer payment period.
Overall, it is important for ADEIA CORP to closely monitor its number of days of payables as it can impact the company's working capital management and relationships with suppliers. The fluctuations observed in the data highlight the need for consistent monitoring and potential adjustments to payment policies to ensure optimal cash flow management.
Peer comparison
Dec 31, 2023