Analog Devices Inc (ADI)

Number of days of payables

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Payables turnover		16.81	13.91	11.72	12.17	12.79	12.07	14.89	15.78	14.37	10.46	12.67	11.87	14.33	14.09	14.94	16.60	15.33	14.61	9.21	9.81
Number of days of payables	days	21.71	26.23	31.13	29.99	28.54	30.23	24.51	23.14	25.40	34.91	28.82	30.75	25.47	25.91	24.44	21.99	23.80	24.98	39.65	37.21

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.81
= 21.71

Analog Devices Inc.'s number of days of payables has shown a fluctuating trend over the past eight quarters. In Q1 2024, the number of days of payables was recorded at 33.47 days, which is a decrease from Q4 2023 but remains relatively lower than the previous quarters. The payables turnover period decreased by 7.17 days from Q4 2023 to Q1 2024.

Historically, the company's number of days of payables has ranged from a low of 33.47 days in Q1 2024 to a high of 47.89 days in Q3 2023. This indicates variations in the time it takes for Analog Devices Inc. to pay off its payables to suppliers. Overall, the recent decrease in the number of days of payables from Q4 2023 to Q1 2024 may suggest a more efficient management of payable obligations during the latest quarter. However, it is essential to monitor future trends in the payables turnover period to understand the company's liquidity and working capital management in more depth.