Dolby Laboratories (DLB)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.29 | 9.98 | 7.31 | 11.61 | 10.57 | |
| Number of days of payables | days | 50.06 | 36.59 | 49.91 | 31.44 | 34.52 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.29
= 50.06
The number of days of payables for Dolby Laboratories has shown variability over the past five years. In fiscal year 2023, the company took approximately 50.06 days to pay off its trade payables, representing an increase compared to the previous year at 36.59 days in fiscal year 2022. This suggests that Dolby Laboratories has taken longer to settle its outstanding payables in the most recent year.
When comparing the data to earlier years, it is observed that the number of days of payables was also relatively higher in fiscal year 2021 at 49.91 days and in fiscal year 2019 at 34.52 days. However, there was a notable decrease in the number of days of payables in fiscal year 2020 at 31.44 days, indicating that Dolby Laboratories was more efficient in paying its obligations during that period.
Overall, the trend in Dolby Laboratories' number of days of payables highlights fluctuations in the time taken to settle trade payables over the years, with fiscal year 2023 showing an extended payment period compared to the previous year. This metric is important in assessing the company's liquidity management and vendor relationships.
Peer comparison
Sep 30, 2023