Cohu Inc (COHU)
Number of days of payables
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 13.51 | 13.56 | 11.42 | 9.91 | 11.49 | 8.32 | 7.48 | 7.45 | 7.80 | 7.51 | 6.05 | 5.65 | 7.60 | 9.99 | 7.97 | 9.30 | 10.32 | 11.53 | 9.10 | 9.12 | |
| Number of days of payables | days | 27.02 | 26.91 | 31.96 | 36.84 | 31.77 | 43.85 | 48.80 | 48.99 | 46.80 | 48.60 | 60.31 | 64.55 | 48.03 | 36.55 | 45.77 | 39.26 | 35.36 | 31.65 | 40.13 | 40.02 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.51
= 27.02
The number of days of payables for Cohu Inc has displayed fluctuations over the past five years. The trend shows that the number of days of payables has ranged from as low as 26.91 days to as high as 64.55 days during this period. This ratio indicates how long on average it takes for the company to pay its suppliers.
In recent quarters, the number of days of payables has been relatively stable, with values around 27 to 37 days. This may indicate effective management of accounts payable by the company, ensuring timely payment to suppliers. A lower number of days of payables suggests efficient working capital management as the company is paying its bills quickly.
Overall, the analysis of Cohu Inc's number of days of payables reflects the company's ability to manage its payables effectively, maintain good relationships with suppliers, and optimize its working capital position. It is essential to continue monitoring this ratio to assess the company's financial health and liquidity position.
Peer comparison
Dec 31, 2023