Harmonic Inc (HLIT)

Number of days of payables

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		11.89	9.49	12.28	8.19	6.76	7.45	11.28	7.79	5.99	11.37	9.30	9.06	13.20	9.83	11.27	6.96	7.49	9.50	9.58	12.22
Number of days of payables	days	30.69	38.48	29.72	44.57	54.02	49.01	32.37	46.87	60.92	32.11	39.24	40.28	27.65	37.12	32.38	52.44	48.73	38.44	38.09	29.86

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.89
= 30.69

Harmonic, Inc.'s number of days of payables has exhibited fluctuations over the past eight quarters. In Q4 2023, the company had 47.65 days of payables, showcasing a decrease from the previous quarter's 59.56 days. This reduction suggests that Harmonic, Inc. took less time to pay its suppliers or vendors in comparison to Q3 2023.

Looking at the trend over the past two years, the number of days of payables has ranged from a low of 45.09 days in Q2 2023 to a high of 79.66 days in Q4 2022. This variability indicates that Harmonic, Inc. has managed its payables differently throughout the periods under consideration.

Furthermore, comparing the most recent data to the same period one year ago, we see a considerable improvement as the number of days of payables has decreased from 71.21 days in Q1 2022 to 47.65 days in Q4 2023. This suggests that the company may have implemented more efficient payment strategies or negotiated better payment terms with its suppliers.

Overall, Harmonic, Inc.'s number of days of payables provides insight into the company's management of its working capital and relationships with suppliers. The fluctuations in this metric should be further examined in conjunction with other financial ratios to derive a more comprehensive assessment of the company's financial performance and liquidity management.