Advanced Micro Devices Inc (AMD)

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		8.07	7.33	5.73	6.31	6.88	6.46	9.17	8.24	7.70	8.91	10.26	7.92	13.70	7.57	6.31	7.44	4.67	5.57	5.05	8.94
Number of days of payables	days	45.20	49.83	63.70	57.87	53.02	56.54	39.80	44.27	47.43	40.97	35.57	46.09	26.64	48.21	57.86	49.05	78.17	65.54	72.30	40.83

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.07
= 45.20

The number of days of payables for Advanced Micro Devices Inc has shown fluctuations over the past 5 years, ranging from as low as 26.64 days to as high as 78.17 days. In the most recent period ending on December 31, 2023, the company took on average 45.20 days to pay its suppliers. This indicates that the company takes approximately 45 days to settle its trade payables, which suggests a moderate efficiency in managing its payable obligations. The trend of days payables demonstrates variability, which could be influenced by various factors such as industry dynamics, negotiation power with suppliers, and the company's working capital management strategies. It is important to monitor this metric over time to assess the company's liquidity position and its ability to effectively manage its cash flow.