Advanced Energy Industries Inc (AEIS)
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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.44 | 9.84 | 9.65 | 7.78 | 8.34 | 6.15 | 6.29 | 6.47 | 5.90 | 5.82 | 5.42 | 6.82 | 8.75 | 5.14 | 3.69 | 2.98 | 2.06 | 1.68 | 8.80 | 7.88 | |
| Number of days of payables | days | 38.66 | 37.11 | 37.84 | 46.92 | 43.78 | 59.33 | 58.04 | 56.42 | 61.89 | 62.70 | 67.38 | 53.56 | 41.71 | 71.04 | 98.87 | 122.37 | 176.86 | 216.79 | 41.46 | 46.30 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.44
= 38.66
Advanced Energy Industries Inc.'s number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the company took approximately 48.69 days to pay its outstanding liabilities to suppliers. This was a slight increase compared to Q3 2023 when the number of days of payables was 45.98 days. The trend of increasing days of payables can also be observed when comparing Q4 2023 to Q2 2023, where the number of days increased to 46.31 days.
When comparing the latest quarter to the same quarter in the previous year, there has been an improvement in the number of days of payables. In Q4 2022, the company took 53.18 days to pay its payables, indicating a decrease in the latest quarter in 2023.
Overall, the trend in Advanced Energy Industries Inc.'s number of days of payables suggests a somewhat stable payment cycle with occasional fluctuations. It is essential for stakeholders to monitor this ratio to ensure the company maintains healthy relationships with its suppliers and manages its cash flow effectively.
Peer comparison
Dec 31, 2023