Enphase Energy Inc (ENPH)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		7.79	5.98	9.53	13.67	10.61	16.54	19.83	14.05	10.84	12.84	11.46	8.72	7.27	7.82	7.23	5.92	5.90	8.68	18.63	13.35
Number of days of payables	days	46.86	60.99	38.30	26.71	34.40	22.07	18.41	25.98	33.66	28.43	31.85	41.87	50.17	46.67	50.52	61.69	61.86	42.07	19.60	27.34

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 fluctuated over the years based on the provided data.

- In March 2020, the company had 27.34 days of payables, indicating that it took approximately a month to pay off its outstanding obligations.
- By June 2020, the number of days of payables decreased to 19.60 days, suggesting a more efficient management of payables.
- The trend reversed in the following quarters, with the number of days of payables increasing significantly to 61.86 days by December 2020, and remaining high at 61.69 days in March 2021.
- From June 2021 to September 2022, the number of days of payables fluctuated in a range between around 28 to 50 days.
- However, in the most recent periods, the trend has shown a downward movement, with the number of days of payables reducing to 18.41 days by June 2023 and further to 26.71 days by March 2024.
- The company experienced a spike in the number of days of payables in September 2024 to 60.99 days, showing a temporary elongation in the payment cycle.

Overall, Enphase Energy Inc's number of days of payables reflects fluctuations in its payment practices, indicating periods of efficiency and extension in managing its accounts payable obligations.