Flex Ltd (FLEX)

Number of days of payables

		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	Dec 31, 2019
Payables turnover		4.64	5.23	5.74	5.33	5.04	4.96	5.11	4.32	4.05	3.90	4.02	4.09	4.21	4.49	4.46	4.44	4.49	5.01	4.70	4.58
Number of days of payables	days	78.70	69.83	63.54	68.50	72.41	73.58	71.43	84.48	90.22	93.52	90.81	89.33	86.72	81.36	81.81	82.19	81.22	72.93	77.67	79.70

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.64
= 78.70

Flex Ltd's number of days of payables has shown some variability over the past few years. The trend indicates that the company takes an average of around 78 to 90 days to pay its trade payables. There was a slight increase in the number of days of payables from the most recent quarter to the previous quarter, which could suggest a potential delay in settling its payables.

It is important to monitor the number of days of payables as it reflects the company's ability to manage its working capital efficiently. A longer number of days of payables may indicate a potential liquidity issue or strained supplier relationships, while a shorter number of days may suggest favorable terms with suppliers.

Overall, Flex Ltd's number of days of payables should be analyzed in conjunction with other financial metrics to assess the company's financial health and operational effectiveness.