Advanced Micro Devices Inc (AMD)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		9.63	8.77	7.83	7.84	14.37
Number of days of payables	days	37.91	41.61	46.64	46.54	25.41

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.63
= 37.91

The number of days of payables for Advanced Micro Devices Inc has shown an increasing trend over the years. As of December 31, 2020, the company took an average of 25.41 days to pay its creditors, which then increased to 46.54 days by December 31, 2021. This trend continued with the number of days of payables further rising to 46.64 days by December 31, 2022.

However, there was a slight decline in the number of days of payables by December 31, 2023, where it decreased to 41.61 days. This could indicate a potential improvement in their payment cycle efficiency. By December 31, 2024, the number of days of payables further decreased to 37.91 days, potentially signaling a more efficient management of payables.

Overall, the trend in the number of days of payables for Advanced Micro Devices Inc indicates fluctuations but generally suggests a longer period for paying off its obligations, which could have implications for its working capital management and relationships with suppliers.