Lam Research Corp (LRCX)

Number of days of payables

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Payables turnover		—	10.44	10.33	11.63	12.79	14.24	15.69	16.55	20.50	17.33	11.33	8.51	9.25	8.99	9.31	10.12	9.43	9.33	8.82	8.94
Number of days of payables	days	—	34.97	35.34	31.38	28.54	25.63	23.26	22.05	17.80	21.06	32.23	42.87	39.47	40.61	39.18	36.07	38.72	39.11	41.39	40.84

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

The analysis of Lam Research Corp's accounts payable days over the specified period reveals notable fluctuations and trends. Initially, as of September 30, 2020, the company maintained an average of approximately 40.84 days of payables. This period was characterized by relatively stable payable days, with slight increases reaching up to 41.39 days by the end of 2020. During the first quarter of 2021, the payables decreased marginally to 39.11 days, and then further declined to 38.72 days in the second quarter.

In 2021, the payable days experienced a gradual decline, reaching a low of 36.07 days in September. This downward trend reasserted itself toward the end of the year, with payables rising again to approximately 39.18 days in December. The pattern persisted into 2022, with the first quarter recording a slight increase to 40.61 days, followed by a dip to 39.47 days in the second quarter. However, during the third quarter of 2022, there was a notable upward shift to 42.87 days, indicating a lengthening of the company's payment period.

Subsequently, a significant reduction occurred, with payables decreasing sharply to 32.23 days at the end of 2022. The trend of decreasing payable days intensified in the first quarter of 2023, hitting a low of approximately 21.06 days. This reduction suggests that the company was paying its suppliers more quickly during this period. The subsequent quarters saw a gradual increase: to 17.80 days in the second quarter, then slightly rising to 22.05 days in the third quarter, and registering 23.26 days by the end of 2023.

Progressing into 2024, the number of days of payables continued to increase, with values reaching 25.63 days in the first quarter and 28.54 days in the second. By the third quarter of 2024, the payable days stood at 31.38, with a further increase to 35.34 days at the end of 2024. The first quarter of 2025 showed a slight decrease to approximately 34.97 days. The data for the second quarter of 2025 was not available.

Overall, the data indicates that Lam Research's accounts payable days have experienced significant fluctuations over the analyzed period. The periods of increased payable days suggest extended payment terms or strategic supplier negotiations, while the sharp reductions, especially in early 2023, imply a shift towards faster payments, possibly to optimize cash flow or strengthen supplier relationships. The pattern reflects a dynamic approach to managing payables, with no consistent trend in either direction, highlighting the company's adaptability to changing operational or strategic conditions.