Analog Devices Inc (ADI)
Number of days of payables
| Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.06 | 15.95 | 13.80 | 10.46 | 14.09 | |
| Number of days of payables | days | 25.97 | 22.89 | 26.44 | 34.91 | 25.91 |
November 2, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.06
= 25.97
Analog Devices Inc's number of days of payables has fluctuated over the past five years. As of November 2, 2024, the company takes approximately 25.97 days to pay its suppliers, which is slightly longer compared to the previous year where it took 22.89 days. In 2022, the number of days of payables increased to 26.44 days before decreasing in 2021 to 34.91 days, indicating a potential improvement in the company's payment efficiency. In 2020, the number of days of payables returned to a similar level of 25.91 days compared to 2024. This trend suggests that Analog Devices Inc has managed its payables effectively over the years, with deviations arising due to various factors impacting the company's supplier payment practices.
Peer comparison
Nov 2, 2024