Microchip Technology Inc (MCHP)

Number of days of payables

		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	Jun 30, 2019
Payables turnover		12.39	11.63	10.12	10.02	6.91	7.47	6.73	8.08	6.88	7.59	7.24	7.42	7.04	7.82	9.35	9.65	8.23	9.69	9.01	9.59
Number of days of payables	days	29.46	31.39	36.07	36.44	52.86	48.85	54.21	45.15	53.06	48.07	50.44	49.20	51.82	46.67	39.05	37.84	44.33	37.65	40.52	38.08

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.39
= 29.46

The number of days of payables for Microchip Technology Inc has shown slight fluctuations over the past few quarters. The company takes about 29.46 to 52.86 days to pay its suppliers, with the latest figure standing at 29.46 days as of March 31, 2024. This indicates that the company has been managing its payables efficiently, with a decreasing trend in the number of days to pay off its suppliers. A lower number of days of payables generally suggest that the company is paying its suppliers more quickly, which could be seen as a positive sign of strong liquidity management. However, it is important to consider this metric in conjunction with other financial ratios and industry benchmarks to get a more comprehensive view of the company's financial performance and operational efficiency.