Cadence Design Systems Inc (CDNS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Cadence Design Systems, Inc. as of December 31, 2023, was 76.51 days. Unfortunately, historical data for the number of days of payables in the previous years (up to January 2021) is not available for comparison. The increase or decrease in the number of days of payables is essential for determining the efficiency of the company in managing its accounts payable. Typically, a longer number of days of payables may indicate that the company is taking longer to pay its suppliers, possibly to improve cash flow. On the other hand, a significantly short number of days of payables could imply that the company is paying its suppliers too quickly or may be facing liquidity issues. Further analysis would be required to assess the implications of the specific number of days of payables in the context of Cadence Design Systems, Inc.'s overall financial performance and industry benchmarks.
Peer comparison
Dec 31, 2023