Cirrus Logic Inc (CRUS)

Number of days of payables

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 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
Payables turnover		14.25	11.29	10.04	11.58	17.72	17.16	9.73	10.41	11.95	11.55	8.39	8.05	7.51	7.43	7.00	1.93	7.18	6.44	7.15	5.98
Number of days of payables	days	25.61	32.33	36.34	31.51	20.60	21.27	37.52	35.07	30.55	31.61	43.49	45.32	48.63	49.11	52.13	188.83	50.81	56.65	51.03	61.06

March 31, 2025 calculation

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

The number of days of payables for Cirrus Logic Inc has fluctuated over the years, indicating changes in the company's payment practices to suppliers. In September 2020, it took the company approximately 61.06 days to pay its accounts payable, which decreased to 51.03 days by December 2020. The number of days of payables then increased to 56.65 days by March 2021 but decreased again to 50.81 days by June 2021.

However, there was a significant spike in the number of days of payables to 188.83 days by September 2021, suggesting potential delays in paying suppliers during that period. The company managed to bring this figure back down to 52.13 days by December 2021 and further reduced it to 49.11 days by March 2022 and 48.63 days by June 2022.

Subsequently, there has been a trend of decreasing number of days of payables, with the figure reaching 43.49 days by December 2022 and 31.61 days by March 2023. This downward trend continued with the number of days of payables dropping to 20.60 days by March 2024.

In the most recent data available, as of June 30, 2024, Cirrus Logic Inc took approximately 31.51 days to pay its accounts payable. This suggests that the company has made efforts to manage its payables efficiently and maintain good relationships with its suppliers.