Alpha and Omega Semiconductor Ltd (AOSL)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | 5.83 | 5.61 | 4.20 | |
| Number of days of payables | days | — | — | 62.66 | 65.11 | 86.85 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Alpha and Omega Semiconductor Ltd has been improving over the past five years. In the most recent fiscal year ending on June 30, 2022, the company recorded 62.66 days of payables, indicating that, on average, it takes approximately 62.66 days for Alpha and Omega Semiconductor Ltd to pay off its outstanding invoices to suppliers. This is a notable reduction compared to the previous two years, where the number of days of payables stood at 65.11 days in 2021 and 86.85 days in 2020.
The decreasing trend in the number of days of payables suggests that Alpha and Omega Semiconductor Ltd has been managing its supplier payments more efficiently, potentially negotiating better terms with suppliers or streamlining its payment processes. A lower number of days of payables can indicate improved liquidity management and stronger supplier relationships, as the company is able to settle its obligations more promptly.
Overall, the improvement in the number of days of payables for Alpha and Omega Semiconductor Ltd reflects positively on the company's financial health and suggests a more effective management of working capital.
Peer comparison
Jun 30, 2024