Advanced Energy Industries Inc (AEIS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.44 | 8.34 | 5.90 | 8.75 | 3.71 | |
| Number of days of payables | days | 38.66 | 43.78 | 61.89 | 41.71 | 98.41 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.44
= 38.66
The number of days of payables for Advanced Energy Industries Inc. has fluctuated over the past five years. In 2023, the company took approximately 48.69 days to pay its payables, a decrease from 53.18 days in 2022. This indicates that the company may be managing its payable obligations more efficiently in 2023.
Compared to 2021, when the company took around 76.55 days to pay its payables, the number of days has significantly decreased, suggesting improved liquidity management or negotiation of better payment terms with suppliers.
In 2020, the number of days of payables was 52.30 days, showing a slight decrease compared to 2019 when it was 131.62 days, indicating that the company improved its ability to manage its payables over the years.
Overall, the decreasing trend in the number of days of payables over the years reflects a positive development in Advanced Energy Industries Inc.'s management of its payables, potentially indicating stronger cash flow and working capital management.
Peer comparison
Dec 31, 2023