Littelfuse Inc (LFUS)
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 | 10.33 | 11.04 | 10.75 | 9.56 | 9.19 | 8.51 | 8.00 | 8.04 | 7.33 | 5.35 | 5.36 | 5.54 | 6.26 | 7.61 | 7.93 | 8.65 | 8.17 | 8.92 | 8.14 | 8.12 | |
| Number of days of payables | days | 35.34 | 33.06 | 33.95 | 38.18 | 39.70 | 42.91 | 45.60 | 45.42 | 49.77 | 68.18 | 68.11 | 65.85 | 58.28 | 47.99 | 46.05 | 42.21 | 44.65 | 40.93 | 44.86 | 44.93 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.33
= 35.34
The number of days of payables for Littelfuse Inc has shown fluctuations over the past few quarters. As of Dec 31, 2023, the company's payables are being settled on average in approximately 35.34 days, which indicates a relatively efficient management of accounts payable.
Comparing this figure to previous quarters, there is a downward trend in the number of days of payables since the peak of 68.18 days in Sep 30, 2021. This suggests that the company has been streamlining its payment processes and managing its accounts payable more effectively over time.
Overall, the decreasing trend in the number of days of payables is a positive indicator, as it implies that Littelfuse Inc is paying its suppliers more promptly and may have improved its working capital management. However, it is important to continue monitoring this ratio to ensure sustainable cash flow management and vendor relationships.
Peer comparison
Dec 31, 2023