Cohu Inc (COHU)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		15.02	11.49	7.80	8.11	11.31
Number of days of payables	days	24.31	31.77	46.81	44.98	32.29

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.02
= 24.31

The number of days of payables for Cohu Inc has shown a decreasing trend over the past five years, starting at 32.29 days in 2019 and falling to 24.31 days by the end of 2023. This indicates that the company has been taking less time to pay its suppliers and vendors over the years. A lower number of days of payables may suggest improved liquidity and efficient management of working capital. However, it is also important to consider the company's payment terms and relationships with suppliers in order to fully assess the implications of this trend.

Peer comparison

Dec 31, 2023

Company name

Symbol

Number of days of payables

Cohu Inc

COHU

24.31

Agilent Technologies Inc