Cirrus Logic Inc (CRUS)

Number of days of payables

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Payables turnover 14.25 15.71 11.55 7.43 6.44
Number of days of payables days 25.61 23.23 31.61 49.11 56.65

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.25
= 25.61

Based on the data provided, Cirrus Logic Inc's number of days of payables has shown a declining trend over the years. As of March 31, 2021, the company took approximately 56.65 days to pay its suppliers, which decreased to 49.11 days as of March 31, 2022. The trend continued with a further reduction to 31.61 days by March 31, 2023, indicating that the company is managing its payables more efficiently.

By March 31, 2024, the number of days of payables decreased significantly to 23.23 days, suggesting that the company is paying its suppliers at a faster rate. However, by March 31, 2025, the number of days of payables increased slightly to 25.61 days, which could be attributed to various factors such as changes in payment terms or operational dynamics within the business.

Overall, the decreasing trend in the number of days of payables indicates that Cirrus Logic Inc has been improving its payables management efficiency over the years, which can positively impact its working capital management and cash flow position.