Intel Corporation (INTC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.64 | 4.70 | 8.04 | 7.60 | 8.86 | |
| Number of days of payables | days | 78.58 | 77.66 | 45.39 | 48.06 | 41.20 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.64
= 78.58
The number of days of payables for Intel Corporation has shown fluctuations over the past five years. The trend indicates an increasing number of days of payables from 2019 to 2021, reflecting a longer period taken by Intel to pay its suppliers. This metric peaked in 2021 at 78.58 days, indicating a significant increase compared to the previous years.
The decrease in the number of days of payables in 2022 and 2023 suggests that Intel has been able to manage its payables more efficiently during these years. However, it is still higher than the levels seen in 2019 and 2020.
Overall, the analysis of the number of days of payables for Intel Corporation indicates some variability in the company's payment practices, with a recent improvement in managing supplier payments, but still at a higher level compared to the earlier years in the period under review. This trend should be monitored to assess the impact on Intel's working capital management and overall financial performance.
Peer comparison
Dec 31, 2023