Coherent Inc (COHR)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.41 | 13.37 | 6.47 | 8.98 | 8.29 | |
| Number of days of payables | days | 49.23 | 27.30 | 56.45 | 40.66 | 44.04 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.41
= 49.23
The number of days of payables for Coherent Inc has exhibited fluctuations over the past five years. In June 2024, the number of days of payables increased significantly to 49.23 days compared to the previous year, indicating that the company is taking longer to pay its suppliers. This may suggest potential liquidity challenges or changes in the company's payment policies.
In contrast, in June 2023, the number of days of payables was lower at 27.30 days, reflecting a more efficient management of payables and potentially stronger cash flow management. However, the number of days of payables increased in the subsequent years, reaching 56.45 days in June 2022, 40.66 days in June 2021, and 44.04 days in June 2020.
Overall, the trend in the number of days of payables for Coherent Inc indicates variability in the company's payment practices over the years. It is important for stakeholders to monitor this metric closely to assess the company's liquidity position and financial health.
Peer comparison
Jun 30, 2024