Enphase Energy Inc (ENPH)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		10.61	10.84	7.27	5.90	7.01
Number of days of payables	days	34.40	33.66	50.17	61.86	52.04

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.61
= 34.40

The number of days of payables for Enphase Energy Inc has fluctuated over the past five years. In 2023, the company took approximately 34.40 days, on average, to pay its suppliers and vendors. This represents a slight increase from 33.66 days in 2022. In 2021, the number of days of payables was significantly lower at 50.17 days, compared to 61.86 days in 2020 and 52.04 days in 2019.

A lower number of days of payables indicates that the company is paying its suppliers more quickly, which can be a positive sign of strong liquidity and good relationships with vendors. Conversely, a higher number of days of payables may suggest that the company is taking longer to settle its obligations, potentially straining supplier relationships or indicating cash flow difficulties.

Overall, Enphase Energy Inc's number of days of payables has shown variability over the years, reflecting changes in the company's payment policies, vendor management, and financial performance.