Lam Research Corp (LRCX)

Number of days of payables

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Payables turnover		14.89	23.26	10.46	10.80	10.78
Number of days of payables	days	24.51	15.69	34.90	33.81	33.85

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.89
= 24.51

The number of days of payables for Lam Research Corp has varied over the past five years. In June 2024, the company took an average of 24.51 days to pay its suppliers, which is higher compared to the previous year but lower than in 2022. This indicates that the company is taking slightly longer to pay its suppliers in 2024.

In June 2023, the number of days of payables was 15.69 days, indicating that the company was able to manage its payables more efficiently compared to other years. However, this improved efficiency was not sustained in the following year.

In 2022, Lam Research Corp took an average of 34.90 days to pay its suppliers, which was higher than the preceding year. This suggests a possible change in payment terms or supplier relationships that affected the company's payables turnover.

In both 2021 and 2020, the number of days of payables was relatively stable at around 33.81 days and 33.85 days, respectively. This consistency indicates a certain level of stability in the company's payables management during these years.

Overall, the trend in the number of days of payables for Lam Research Corp shows some variation over the years, with fluctuations that may reflect changes in the company's payment policies, supplier relationships, or cash flow management strategies.