MaxLinear Inc (MXL)

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		14.27	8.36	9.47	8.60	6.86	4.95	5.89	6.78	7.49	6.32	7.34	8.50	8.12	3.71	7.58	10.38	11.12	11.66	9.46	12.60
Number of days of payables	days	25.57	43.64	38.54	42.45	53.20	73.79	61.93	53.83	48.76	57.77	49.73	42.92	44.97	98.42	48.12	35.15	32.82	31.30	38.57	28.97

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.27
= 25.57

To analyze the number of days of payables for MaxLinear Inc, we can calculate the average number of days of payables over the period.

Using the data provided, the average number of days of payables over the period can be calculated as follows:

(25.57 + 43.64 + 38.54 + 42.45 + 53.20 + 73.79 + 61.93 + 53.83) / 8 = 45.28 days

This indicates that, on average, MaxLinear Inc takes approximately 45.28 days to pay its accounts payable. This metric is important as it reflects the company's efficiency in managing its payables. A lower number of days of payables typically indicates that the company is paying its suppliers more quickly, which may suggest strong cash flow management or favorable payment terms. Conversely, a higher number of days of payables may indicate that the company is taking longer to settle its payables, potentially signaling cash flow constraints or less favorable payment terms.

It's important to note that the trend of this ratio over time can provide insights into changes in the company's payment practices. For MaxLinear Inc, the decreasing trend in the number of days of payables from 2022 to 2023 may suggest an improvement in the company's payables management, potentially leading to better working capital management and cash flow efficiency.

Overall, the number of days of payables is a key metric for assessing a company's financial efficiency and should be considered in conjunction with other financial ratios and operational metrics to gain a comprehensive understanding of the company's financial performance.