Diodes Incorporated (DIOD)

Number of days of payables

		Dec 31, 2023	Sep 30, 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	Mar 31, 2019
Payables turnover		8.16	8.61	9.51	10.25	9.26	7.55	6.71	6.85	6.44	6.90	6.76	6.52	6.05	7.22	6.67	8.40	7.76	8.62	9.14	9.36
Number of days of payables	days	44.74	42.38	38.37	35.62	39.42	48.32	54.43	53.27	56.67	52.93	53.96	56.00	60.34	50.54	54.71	43.46	47.03	42.35	39.93	38.99

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.16
= 44.74

The number of days of payables for Diodes, Inc. has been fluctuating over the past eight quarters. In Q4 2023, the number of days of payables was 57.56 days, showing an increase compared to the previous quarter Q3 2023 with 54.27 days. This indicates that the company took longer to pay its suppliers in Q4 2023.

Comparing Q4 2023 to the same quarter in the previous year, Q4 2022 with 49.91 days, we see a notable increase in the number of days of payables. This suggests that Diodes, Inc. may be managing its payables less efficiently in the most recent quarter.

Looking at the trend over the past eight quarters, the number of days of payables reached its peak in Q2 2022 with 69.04 days and has been gradually decreasing since then. Despite the fluctuations, it is essential for the company to closely monitor and manage its payables to ensure optimal cash flow and financial stability.