Ichor Holdings Ltd (ICHR)

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		13.42	11.94	15.74	16.50	10.74	8.25	7.38	7.30	6.30	7.00	6.28	6.37	7.41	7.59	6.37	5.70	4.56	6.34	9.44	10.07
Number of days of payables	days	27.20	30.57	23.19	22.12	33.99	44.27	49.46	50.01	57.95	52.12	58.16	57.30	49.25	48.07	57.28	64.06	80.12	57.57	38.67	36.23

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.42
= 27.20

The number of days of payables for Ichor Holdings Ltd has shown some fluctuations over the past years. It indicates the number of days the company takes to pay its suppliers or trade payables.

In recent periods, the number of days of payables has ranged from 22.12 days to 33.99 days, showing a relatively stable trend. The lower number of days indicates that the company is taking less time to pay its suppliers, which can be beneficial for maintaining good relationships with vendors.

However, it is essential to note the significant increase in the number of days of payables from 36.23 days in the first quarter of 2019 to 80.12 days in the first quarter of 2020. This increase may imply that the company was taking longer to settle its payables during that period, potentially impacting its liquidity and relationships with suppliers.

Overall, analyzing the number of days of payables can provide insights into the company's payment practices and its ability to manage working capital effectively.