Enphase Energy Inc (ENPH)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		7.79	10.61	10.84	7.27	5.90
Number of days of payables	days	46.86	34.40	33.66	50.17	61.86

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.79
= 46.86

The number of days of payables for Enphase Energy Inc has exhibited a downward trend over the years. It decreased from 61.86 days as of December 31, 2020, to 50.17 days as of December 31, 2021. Subsequently, there was a further decline to 33.66 days as of December 31, 2022, followed by a slight increase to 34.40 days as of December 31, 2023. Finally, the number of days of payables rose to 46.86 days as of December 31, 2024. This trend indicates that Enphase Energy Inc has been managing its payables more efficiently in recent years, potentially improving its working capital management and cash flow.