Cadence Design Systems Inc (CDNS)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Based on the data provided for Cadence Design Systems, Inc., the number of days of payables in Q4 2023 is 76.51 days. Unfortunately, there is no data available for the previous quarters, Q3 2023, Q2 2023, Q1 2023, Q4 2022, Q3 2022, Q2 2022, and Q1 2022. This indicates that the company takes approximately 76.51 days to pay its accounts payable obligations. A higher number of days of payables may suggest that the company is taking longer to pay its suppliers, potentially indicating a liquidity advantage as the company holds onto its cash for a longer period. It is important to monitor this ratio over time to identify any significant changes in the company's payment practices.
Peer comparison
Dec 31, 2023
See also:
Cadence Design Systems Inc Average Payables Payment Period (Quarterly Data)