Lattice Semiconductor Corporation (LSCC)

Number of days of payables

		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	Jun 30, 2019	Mar 31, 2019
Payables turnover		9.64	8.87	7.82	7.72	8.09	7.70	6.30	6.11	6.53	11.29	13.05	16.08	15.80	5.92	5.40	5.92	5.93	7.92	6.17	5.93
Number of days of payables	days	37.86	41.16	46.66	47.25	45.10	47.39	57.95	59.75	55.91	32.32	27.96	22.70	23.10	61.64	67.59	61.66	61.52	46.11	59.20	61.51

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.64
= 37.86

The number of days of payables for Lattice Semiconductor Corporation has shown fluctuating trends over the past five years. In the latest quarter (December 31, 2023), the company took approximately 37.86 days to pay its suppliers. This has improved compared to the previous quarter and suggests that the company may be managing its payables more efficiently.

Looking back over the past five years, there have been periods of both shorter and longer payables cycles. The longest payment period was observed in the second quarter of 2020 (67.59 days), which may indicate potential liquidity issues or challenges in managing vendor relationships during that period. On the other hand, the shortest payment period was recorded in the second quarter of 2021 (22.70 days), suggesting strong cash management practices or negotiation power with suppliers.

Overall, monitoring the number of days of payables is crucial for assessing the company's working capital management, liquidity position, and supplier relationships. A decreasing trend in this ratio could imply improved efficiency in managing payments, while a significant increase may raise concerns about cash flow constraints or strained vendor partnerships. An in-depth analysis of the underlying reasons behind these fluctuations will provide more insights into Lattice Semiconductor Corporation's financial health and operational performance.