CEVA Inc (CEVA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.09 | 7.58 | 11.49 | 12.02 | 14.42 | |
| Number of days of payables | days | 36.16 | 48.12 | 31.76 | 30.36 | 25.32 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.09
= 36.16
Over the past five years, CEVA Inc's number of days of payables has varied. In 2023, the company took an average of 36.16 days to pay its suppliers, which is lower compared to the previous year. This decrease may indicate an improvement in the company's ability to manage its payable obligations more efficiently. However, in 2022, CEVA Inc took an average of 48.12 days to pay its suppliers, which was an increase from the year before. This longer period may suggest potential cash flow constraints or negotiation challenges with suppliers.
Looking back to 2021 and 2020, the number of days of payables was relatively stable at 31.76 days and 30.36 days, respectively. This consistency could indicate effective payment management practices during those years. In 2019, CEVA Inc had the lowest number of days of payables at 25.32 days, indicating a prompt payment strategy.
Overall, fluctuations in CEVA Inc's number of days of payables over the years may reflect changes in the company's working capital management, supplier relationships, and overall financial health. It is essential for the company to continue monitoring and optimizing its payable processes to maintain positive cash flow and relationships with suppliers.
Peer comparison
Dec 31, 2023