Advanced Micro Devices Inc (AMD)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		8.77	7.83	7.84	14.37	4.67
Number of days of payables	days	41.61	46.64	46.54	25.41	78.17

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.77
= 41.61

The number of days of payables for Advanced Micro Devices Inc have fluctuated over the past five years. In 2023, the company took approximately 41.61 days to pay its suppliers, showing an improvement from the previous year where it took 46.64 days. This indicates that the company managed its payables more efficiently in 2023. Comparing to 2021, the number of days of payables remained relatively stable at 46.54 days. In 2020, the number of days to pay suppliers was lower at 25.41 days, suggesting that the company paid its suppliers more promptly. Conversely, in 2019, the company had a significantly high number of days of payables at 78.17 days, indicating a potential inefficiency in managing its payables during that year. Overall, a lower number of days of payables suggests that the company is taking fewer days to settle its outstanding payables, which could potentially indicate more effective working capital management.