Lumentum Holdings Inc (LITE)
Number of days of payables
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.03 | 12.21 | 9.58 | 12.03 | 10.14 | 8.33 | 7.73 | 6.95 | 8.15 | 9.92 | 10.55 | 12.30 | 10.89 | 9.87 | 9.58 | 7.47 | 7.40 | 9.40 | 9.52 | 8.29 | |
| Number of days of payables | days | 36.38 | 29.89 | 38.08 | 30.34 | 35.99 | 43.83 | 47.24 | 52.50 | 44.79 | 36.80 | 34.59 | 29.69 | 33.51 | 36.99 | 38.08 | 48.89 | 49.30 | 38.82 | 38.35 | 44.03 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.03
= 36.38
The number of days of payables for Lumentum Holdings Inc has fluctuated over the past several quarters. As of June 30, 2024, the company took an average of 36.38 days to pay its payables, which is slightly longer compared to the previous quarter. This indicates that the company may be taking a bit longer to settle its outstanding obligations to suppliers and vendors.
Looking at the trend over the past few quarters, we observe some variability in the number of days of payables, with peaks and troughs occurring intermittently. The highest number of days of payables was recorded on December 31, 2022, at 47.24 days, indicating a longer payment cycle during that period. Conversely, the lowest number of days of payables was observed on March 31, 2023, at 29.69 days, suggesting a more efficient management of payables during that quarter.
Overall, the number of days of payables provides insights into the company's payment practices and cash management. A longer number of days of payables may indicate a need to optimize working capital management, while a shorter number of days may signal strong liquidity or negotiation leverage with suppliers. Monitoring this ratio over time can help assess the company's financial health and efficiency in managing its payables.
Peer comparison
Jun 30, 2024