Ichor Holdings Ltd (ICHR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.58 | 10.82 | 6.33 | 7.46 | 4.59 | |
| Number of days of payables | days | 26.87 | 33.74 | 57.65 | 48.93 | 79.56 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.58
= 26.87
The number of days of payables for Ichor Holdings Ltd has shown a decreasing trend over the past five years, indicating a more efficient management of its payables. This ratio measures the average number of days it takes for the company to pay its suppliers. In 2023, the number of days of payables was 26.87 days, significantly lower than the previous year, indicating that the company is managing its payables more effectively and potentially negotiating better payment terms with its suppliers. This improvement suggests a positive impact on the company's working capital management and liquidity position.
Peer comparison
Dec 31, 2023