Littelfuse Inc (LFUS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.95 | 9.19 | 7.33 | 8.43 | 10.60 | |
| Number of days of payables | days | 33.35 | 39.70 | 49.77 | 43.29 | 34.44 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.95
= 33.35
Littelfuse Inc's number of days of payables has fluctuated over the past five years, indicating variations in its payment cycle in relation to its suppliers. The trend shows a decreasing pattern from 2019 to 2021, with the number of days of payables dropping from 34.44 days in 2019 to 49.77 days in 2021. This suggests that the company may have been paying its suppliers more quickly during this period.
However, in 2022 and 2023, there was an increase in the number of days of payables to 39.70 days and 33.35 days, respectively. This could indicate a shift towards a longer payment cycle or slower payment to suppliers, which may have various implications for the company's working capital management and cash flow.
Overall, the decreasing trend from 2019 to 2021 followed by an increase in 2022 and 2023 suggests that Littelfuse Inc has been managing its payables in a manner that may have impacted its relationships with suppliers and liquidity position. Further analysis of the factors driving these changes would be necessary to fully understand the company's payment practices and financial performance.
Peer comparison
Dec 31, 2023