Cirrus Logic Inc (CRUS)

Number of days of payables

		Mar 31, 2024	Dec 31, 2023	Sep 23, 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
Payables turnover		18.86	20.56	13.15	15.62	15.01	9.92	9.59	8.98	8.96	8.55	2.36	8.84	7.92	6.83	5.72	6.10	7.43	7.59	6.79	12.30
Number of days of payables	days	19.35	17.75	27.76	23.37	24.31	36.78	38.08	40.64	40.76	42.71	154.81	41.31	46.06	53.44	63.82	59.86	49.13	48.06	53.76	29.68

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 exhibited some fluctuations over the past few quarters. As of March 31, 2024, the company took approximately 19.35 days to pay its payables, representing a slight increase from the previous quarter's 17.75 days. This indicates that Cirrus Logic is managing its payables efficiently, as it is able to settle its debts in a relatively short period.

However, looking back at earlier periods, there were some instances of longer payment cycles, such as the unusually high 154.81 days recorded in the third quarter of 2021. It is important to note that prolonged payment periods can impact a company's relationships with suppliers and overall financial health.

Overall, Cirrus Logic Inc's number of days of payables has generally been within a reasonable range, indicating a balanced approach to managing its accounts payable and cash flow. Analyzing this metric alongside other financial ratios can provide a more comprehensive view of the company's liquidity and operational efficiency.