Cirrus Logic Inc (CRUS)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Payables turnover		18.86	15.01	8.96	7.92	10.23
Number of days of payables	days	19.35	24.32	40.76	46.06	35.69

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.86
= 19.35

The number of days of payables for Cirrus Logic Inc has shown a decreasing trend over the past five years. As of March 31, 2024, the company takes an average of 19.35 days to pay its suppliers, compared to 24.32 days in the previous year. This indicates that Cirrus Logic has been managing its payables more efficiently, possibly negotiating better payment terms with its suppliers or improving its working capital management. The decreasing trend suggests that the company is able to optimize its cash flow by extending payment periods without negatively impacting supplier relationships. Overall, the reduction in the number of days of payables reflects positively on Cirrus Logic's financial health and liquidity position.