Lumentum Holdings Inc (LITE)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.00 | 10.14 | 8.15 | 11.08 | 2.63 | |
| Number of days of payables | days | 28.08 | 35.99 | 44.79 | 32.95 | 138.92 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.00
= 28.08
The number of days of payables for Lumentum Holdings Inc has shown variability over the past five years. In the most recent fiscal year ending on June 30, 2024, the company took approximately 28.08 days to pay its suppliers, which indicates a decrease compared to the previous year. This suggests that Lumentum has been managing its payables more efficiently in the latest period.
In the fiscal year ending on June 30, 2023, Lumentum had an average payment period of around 35.99 days, showing a decrease from the prior year. However, in the fiscal year ending on June 30, 2022, the number of days of payables increased to about 44.79 days, suggesting that the company was taking longer to settle its supplier invoices.
In the fiscal year ending on June 30, 2021, the number of days of payables was approximately 32.95 days, showing a decrease compared to the previous year. Notably, in the fiscal year ending on June 30, 2020, Lumentum had a significantly higher number of days of payables at 138.92 days, indicating that the company was taking a longer time to pay its suppliers in that particular period.
Overall, the trend in the number of days of payables for Lumentum Holdings Inc has been fluctuating, with the company showing improvements in managing its payables efficiently in some years while extending the payment period in others. This ratio provides insights into Lumentum's management of its trade credit obligations and its relationships with suppliers.
Peer comparison
Jun 30, 2024