Kulicke and Soffa Industries Inc (KLIC)

Number of days of payables

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		7.43	8.64	8.82	6.61	7.79	8.15	9.33	10.53	11.22	8.68	9.01	6.13	5.31	4.54	4.10	4.45	5.64	6.26	5.90	6.17
Number of days of payables	days	49.10	42.27	41.37	55.26	46.88	44.76	39.14	34.67	32.53	42.05	40.51	59.54	68.78	80.34	89.00	82.03	64.75	58.32	61.87	59.17

September 30, 2024 calculation

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

Kulicke and Soffa Industries Inc's number of days of payables has shown some fluctuations over the past few years. The trend indicates that the company's ability to pay its payables has generally been improving. As of September 30, 2024, the number of days of payables was 49.10 days, which indicates that, on average, it takes the company approximately 49 days to pay its outstanding payables. This is an increase compared to the previous quarter but lower than the peak observed in the fourth quarter of 2021.

The decreasing trend in the number of days of payables suggests that Kulicke and Soffa Industries Inc has been managing its payables more efficiently, potentially negotiating better payment terms with its suppliers or optimizing its working capital management. However, it is essential to monitor this metric over time to ensure that the company maintains a balance between managing its working capital effectively and maintaining positive supplier relationships.