Kulicke and Soffa Industries Inc (KLIC)

Number of days of payables

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Payables turnover		7.43	7.79	11.22	5.31	5.64
Number of days of payables	days	49.10	46.88	32.53	68.78	64.75

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.43
= 49.10

The number of days of payables for Kulicke and Soffa Industries Inc has fluctuated over the past five years. In particular:

1. As of September 30, 2024, the number of days of payables was 49.10 days, indicating that, on average, the company took around 49 days to pay its suppliers.

2. In comparison, the number of days of payables was slightly lower in the previous year, standing at 46.88 days as of September 30, 2023.

3. Looking back to September 30, 2022, the number of days of payables was significantly lower at 32.53 days, suggesting that the company was paying its suppliers more quickly during that period.

4. On September 30, 2021, the number of days of payables was relatively high at 68.78 days, indicating that the company took almost 69 days on average to settle its payables.

5. Similarly, on September 30, 2020, the number of days of payables was 64.75 days, showing a consistent trend of higher payables payment duration in the preceding year.

Overall, the fluctuation in the number of days of payables can indicate changes in the company's payment practices, supplier relationships, and working capital management strategies. A longer number of days of payables may suggest a potential liquidity advantage for the company, whereas a shorter number of days may signify a more aggressive approach to managing payables.