Coherent Inc (COHR)
Number of days of payables
| Jun 30, 2025 | Jun 30, 2024 | Sep 30, 2023 | Jun 30, 2023 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.45 | 5.15 | 8.74 | 8.74 | 4.72 | |
| Number of days of payables | days | 82.07 | 70.89 | 41.77 | 41.77 | 77.39 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.45
= 82.07
The data indicates significant fluctuations in the number of days of payables for Coherent Inc over the specified periods. As of September 30, 2022, the company’s payables period was approximately 77.39 days, reflecting a relatively extended period to settle its liabilities to suppliers. This period decreased substantially by June 30, 2023, to 41.77 days, implying an improvement in the company's payment cycles or a shift in its supplier payment policies, possibly driven by improved liquidity or negotiated payment terms.
By September 30, 2023, the payables period remained unchanged at 41.77 days, indicating stability in the company's payment practices during that quarter. However, a notable increase is observed by June 30, 2024, with the payables period rising to approximately 70.89 days. This suggests that the company allowed its accounts payable to extend, potentially to improve cash flow or due to changing supplier terms.
The trend continues with further lengthening by June 30, 2025, reaching approximately 82.07 days. The increase over this period suggests a strategic shift or operational decision to prolong payments, which may impact supplier relationships or reflect changes in the company’s working capital management strategies.
Overall, the company's days of payables have exhibited considerable variation over the analyzed period, with a marked reduction in 2023 followed by a consistent upward trend through 2024 and 2025. This pattern warrants attention for its potential implications on liquidity, cash flow management, and supplier relationships.
Peer comparison
Jun 30, 2025