Allegro Microsystems Inc (ALGM)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 23, 2022 Sep 23, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021
Payables turnover 15.08 12.66 18.34 18.77 17.38 9.57 8.63 10.11 11.15 13.73 16.23 17.31 14.88 18.62 14.07
Number of days of payables days 24.21 28.84 19.91 19.44 21.00 38.16 42.29 36.11 32.74 26.58 22.49 21.09 24.52 19.60 25.94

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.08
= 24.21

The number of days of payables for Allegro Microsystems Inc has shown fluctuations over the periods analyzed. From June 30, 2021, to December 31, 2021, the number of days decreased from 25.94 days to 24.52 days, suggesting the company was able to manage its payables more efficiently during this period.

However, from March 31, 2022, to June 30, 2022, there was a slight increase in the number of days of payables from 21.09 days to 22.49 days. This could indicate a potential delay in payment to suppliers or changes in the company's payment terms.

The trend continued with fluctuations in subsequent periods, reaching a peak of 42.29 days on June 30, 2023, before decreasing to 19.44 days on March 31, 2024. This significant decrease may reflect a concerted effort by Allegro Microsystems Inc to manage its payables more effectively, possibly through negotiating better terms with suppliers or optimizing its payment processes.

Overall, the varying number of days of payables demonstrates the company's ability to adapt to changing financial conditions and improve its working capital management strategies over the analyzed periods.