Lattice Semiconductor Corporation (LSCC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.62 | 7.96 | 8.71 | 9.69 | 6.03 | |
| Number of days of payables | days | 34.38 | 45.86 | 41.90 | 37.68 | 60.52 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.62
= 34.38
The number of days of payables for Lattice Semiconductor Corporation has shown fluctuating trends over the past five years.
In 2023, the company took approximately 34.38 days to pay its payables, showing an improvement from the previous year's 45.86 days. This indicates that the company was able to manage its payables more efficiently by decreasing the number of days it takes to settle its outstanding obligations.
Comparing it to 2021 and 2020, where the number of days of payables was 41.90 days and 37.68 days respectively, Lattice Semiconductor Corporation has demonstrated a mixed performance over the years.
However, in 2019, the company had a significantly higher number of days of payables at 60.52 days, indicating that it took longer to pay off its obligations to suppliers and vendors.
Overall, a decreasing trend in the number of days of payables suggests that the company is improving its liquidity position by managing its accounts payable more effectively. This could potentially free up cash for other business needs and improve relationships with suppliers.
Peer comparison
Dec 31, 2023