Lam Research Corp (LRCX)

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		14.56	16.28	17.81	18.56	22.71	19.06	12.49	9.45	10.33	10.07	10.44	11.38	10.65	10.62	10.12	10.29	10.62	12.10	13.49	14.66
Number of days of payables	days	25.06	22.43	20.49	19.66	16.07	19.15	29.23	38.61	35.32	36.24	34.95	32.07	34.27	34.37	36.08	35.48	34.38	30.17	27.06	24.90

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.56
= 25.06

The number of days of payables for Lam Research Corp has shown fluctuations over the past several quarters. From December 2019 to June 2020, the number of days of payables ranged between 24.90 days to 30.17 days, indicating relatively stable payment terms with suppliers during that period.

However, from September 2020 onwards, there was an increasing trend in the number of days of payables, reaching a peak of 38.61 days by September 2022. This suggests that the company was taking longer to pay its suppliers during this period.

Subsequently, there was a downward trend in the number of days of payables from September 2022 to June 2023, with a significant drop from 38.61 days to 16.07 days. This sharp decrease may indicate a concerted effort by the company to better manage its payables or negotiate more favorable terms with suppliers.

From December 2023 to June 2024, there was a slight increase in the number of days of payables, but it remained relatively stable within the range of 20.49 days to 25.06 days. This indicates that the company may have found a balance in its payment terms with suppliers during this period.

In conclusion, while the number of days of payables for Lam Research Corp has shown variability, the company appears to have made adjustments to its payment practices in recent quarters to achieve a more optimal position in managing its accounts payable.