MKS Instruments Inc (MKSI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.26 | 6.49 | 12.48 | 15.75 | 17.62 | |
| Number of days of payables | days | 23.92 | 56.24 | 29.24 | 23.18 | 20.72 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.26
= 23.92
The number of days of payables for MKS Instruments Inc has fluctuated over the past five years. In 2023, the number of days of payables decreased significantly to 23.92 days from 56.24 days in 2022. This indicates that the company took fewer days to pay its suppliers in 2023 compared to the previous year. The decrease in the number of days of payables may suggest improved efficiency in managing payables or better negotiating terms with suppliers.
Compared to 2021 when the number of days of payables was 29.24 days, the company also reduced the payment period in 2023. However, the number of days of payables in 2020 and 2019 was lower at 23.18 days and 20.72 days respectively, indicating that the company took even fewer days to pay its suppliers in those years.
Overall, a decreasing trend in the number of days of payables may signify better cash flow management and potentially stronger supplier relationships. It is important to monitor this ratio over time to assess the company's liquidity position and working capital efficiency.
Peer comparison
Dec 31, 2023