Coherent Inc (COHR)
Number of days of payables
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.29 | 4.72 | 5.13 | 4.92 | 5.15 | 5.44 | 6.37 | 7.54 | 8.74 | 7.56 | 6.82 | 5.14 | 4.69 | 5.48 | 5.79 | 6.60 | 6.48 | 6.67 | 6.94 | 6.97 | |
| Number of days of payables | days | 111.04 | 77.38 | 71.16 | 74.17 | 70.89 | 67.05 | 57.34 | 48.40 | 41.77 | 48.30 | 53.49 | 71.02 | 77.76 | 66.61 | 63.05 | 55.32 | 56.31 | 54.69 | 52.58 | 52.36 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.29
= 111.04
The analysis of Coherent Inc.’s number of days of payables reveals notable fluctuations over the analyzed period. Initially, as of September 30, 2020, the company maintained an average payable period of approximately 52.36 days, which exhibited a slight increase by the end of that year, reaching 52.58 days on December 31, 2020. Throughout the subsequent quarters, the payable days demonstrated a general upward trend, peaking significantly at 77.76 days on June 30, 2022, indicating that the company was taking longer to settle its payables during this period.
Following this peak, there was a notable decline, with the period decreasing to 48.30 days by March 31, 2023, suggesting an improvement in payables management or a reduction in payment deferrals. This downward trend continued until June 30, 2023, recording 41.77 days, the lowest point in the observed timeframe. However, in the subsequent quarters, the number of payable days increased again, reaching 48.40 days at September 30, 2023, and further to 57.34 days by December 31, 2023.
Projections for the near future show a rising pattern, with the figure reaching 67.05 days as of March 31, 2024, and further increasing to 70.89 days by June 30, 2024. This upward trend persists into the later periods, with the payable days slightly rising to 74.17 days at September 30, 2024, and maintaining a similar level at 71.16 days by December 31, 2024. The data extends into 2025, where the payable period is projected to increase to 77.38 days at the end of the first quarter, with a sharp rise to 111.04 days projected by June 30, 2025.
Overall, the pattern indicates periods of both shortening and lengthening in days payable outstanding, with the most recent data suggesting a trend toward extended payment durations. This could imply strategic payment deferrals, alterations in supplier credit terms, or changes in working capital management practices. The significant expected increase in the projected payable days in mid-2025 warrants attention for potential implications on cash flow and liquidity management.
Peer comparison
Jun 30, 2025