Dolby Laboratories (DLB)
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 | 10.43 | 7.29 | 10.02 | 8.66 | 8.24 | 9.98 | 8.02 | 11.48 | 6.67 | 7.31 | 11.63 | 16.70 | 10.60 | 11.61 | 14.93 | 17.67 | 11.65 | 10.57 | 10.22 | 9.63 | |
| Number of days of payables | days | 34.99 | 50.06 | 36.44 | 42.16 | 44.28 | 36.59 | 45.52 | 31.79 | 54.72 | 49.91 | 31.37 | 21.86 | 34.43 | 31.44 | 24.45 | 20.65 | 31.34 | 34.52 | 35.72 | 37.90 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.43
= 34.99
The number of days of payables for Dolby Laboratories has shown some fluctuations over the past five years. The number of days of payables generally ranged between 20 to 55 days during this period. In recent quarters, it has been around 35 to 50 days, indicating that the company takes an average of around a month to pay its suppliers. A lower number of days of payables suggests that the company is able to pay its suppliers sooner, potentially indicating strong liquidity or good relationships with its suppliers. Conversely, a higher number of days of payables may indicate that the company is holding onto its cash longer, possibly to manage its working capital. Overall, analyzing the trend in the number of days of payables can provide insights into the company's payment practices and cash flow management.
Peer comparison
Dec 31, 2023