Coherent Inc (COHR)
Number of days of payables
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.41 | 8.10 | 9.60 | 11.41 | 13.22 | 10.98 | 9.76 | 7.22 | 6.47 | 7.44 | 7.87 | 8.95 | 8.74 | 9.09 | 9.34 | 9.42 | 7.99 | 8.90 | 7.22 | 5.24 | |
| Number of days of payables | days | 49.28 | 45.05 | 38.01 | 31.99 | 27.62 | 33.24 | 37.38 | 50.58 | 56.45 | 49.07 | 46.39 | 40.77 | 41.77 | 40.13 | 39.06 | 38.74 | 45.66 | 41.02 | 50.56 | 69.64 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.41
= 49.28
Coherent Inc's number of days of payables has shown some fluctuations over the past few quarters. The company's number of days of payables has ranged from a low of 27.62 days to a high of 69.64 days over the last few quarters. In the most recent quarter, as of June 30, 2024, the number of days of payables was 49.28 days.
The increasing trend in the number of days of payables could indicate that the company is taking longer to pay its suppliers, which may improve its cash flow position in the short term. However, this could potentially strain supplier relationships if payment terms become unfavorable.
It is important for Coherent Inc to manage its payables effectively to maintain healthy relationships with suppliers while also optimizing its cash flow. Monitoring and analyzing the number of days of payables can provide insights into the company's working capital management and overall financial health.
Peer comparison
Jun 30, 2024