MKS Instruments Inc (MKSI)

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		15.10	16.16	15.97	7.94	6.44	5.88	11.98	12.33	12.48	13.47	13.13	12.48	15.78	14.74	15.26	14.17	17.62	16.99	16.74	15.63
Number of days of payables	days	24.17	22.59	22.85	46.00	56.69	62.08	30.46	29.61	29.24	27.10	27.81	29.24	23.13	24.77	23.92	25.77	20.72	21.48	21.81	23.36

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.10
= 24.17

The number of days of payables for MKS Instruments Inc has shown some fluctuations over the past few quarters. On average, the company takes around 30 days to pay its suppliers, based on the data provided.

In the most recent quarter, as of December 31, 2023, MKS Instruments Inc decreased its number of days of payables to 24.17 days, which signifies an improvement in the efficiency of managing its accounts payable compared to the previous quarter. However, this number is still relatively low compared to historical data.

It is worth noting that there was a significant increase in the number of days of payables in the first quarter of 2023, which may indicate a temporary delay in payment processing or a change in the company's payment terms during that period.

Overall, monitoring the trend of days of payables can provide insights into MKS Instruments Inc's liquidity management and relationships with its suppliers.