FormFactor Inc (FORM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.55 | 8.78 | 10.28 | 8.84 | 11.88 | |
| Number of days of payables | days | 42.67 | 41.55 | 35.49 | 41.27 | 30.73 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.55
= 42.67
FormFactor Inc's number of days of payables have shown some fluctuations over the past five years. In 2023, the company took approximately 42.67 days to pay its trade payables, a slight increase compared to the previous year. This indicates a slightly longer period within which the company settles its payables.
In 2022, the number of days of payables was 41.55 days, showing a similar trend of slightly extended payment terms compared to 2021 when it was 35.49 days. This suggests that the company may have been managing its cash flow by taking a bit longer to settle its payables in these years.
Compared to 2020, where the days of payables were 41.27 days, there was a slight increase in 2023. Additionally, in 2019, the number of days of payables was 30.73 days, indicating that the company took a shorter period to pay its trade payables that year.
Overall, the trend in FormFactor Inc's number of days of payables indicates a fluctuation in the time taken to settle payables over the past five years, with some years showing extended payment terms while others demonstrating shorter payment cycles.
Peer comparison
Dec 31, 2023