Diodes Incorporated (DIOD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.17 | 9.26 | 6.44 | 6.05 | 8.20 | |
| Number of days of payables | days | 44.65 | 39.42 | 56.67 | 60.34 | 44.51 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.17
= 44.65
The number of days of payables for Diodes, Inc. has varied over the past five years. In 2023, the company took approximately 57.56 days to pay off its accounts payable, which is an increase from the prior year but still lower than the levels seen in 2020 and 2021. This suggests that in 2023, Diodes, Inc. took slightly longer to settle its outstanding payables compared to the previous year.
It is important to note that a lower number of days of payables indicates that the company is paying off its suppliers more quickly, which could be a sign of strong liquidity or efficient working capital management. Conversely, a higher number of days may point to liquidity issues or a deliberate strategy to conserve cash.
Overall, the trend in Diodes, Inc.'s number of days of payables should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023