Harmonic Inc (HLIT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.89 | 6.76 | 5.99 | 13.20 | 7.49 | |
| Number of days of payables | days | 30.69 | 54.02 | 60.92 | 27.65 | 48.73 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.89
= 30.69
The analysis of Harmonic, Inc.'s number of days of payables indicates variability over the past five years. In 2023, the company took an average of 47.65 days to pay its suppliers, showing efficient management of payables. This represents an improvement compared to 2022 where the number of days of payables was 79.66 days, suggesting a more streamlined payment process. Conversely, in 2021, the company took an average of 95.05 days to settle its payables, which could indicate potential inefficiencies or challenges in managing supplier payments. The lower figures in 2020 and 2019 at 46.74 days and 83.07 days, respectively, show fluctuations in the company's payables management over the years. Overall, closer monitoring and analysis of payment terms and supplier relationships may be necessary to ensure efficient working capital management in the future.
Peer comparison
Dec 31, 2023