NXP Semiconductors NV (NXPI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.92 | 4.80 | 3.99 | 4.42 | 4.51 | |
| Number of days of payables | days | 74.24 | 76.04 | 91.47 | 82.64 | 80.90 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.92
= 74.24
The number of days of payables for NXP Semiconductors NV has been fluctuating over the past five years. The company's ability to pay its suppliers has improved in the most recent year, with the number of days of payables decreasing to 74.24 days at the end of 2023, compared to 103.76 days in 2022. This indicates that NXP Semiconductors NV is taking less time to settle its accounts payable obligations.
However, it is worth noting that the number of days of payables was relatively lower in 2020 and 2019 compared to 2021 and 2022. In 2021, the company took 91.47 days to pay its suppliers, and in 2020, it took 82.64 days. Similarly, in 2019, the number of days of payables stood at 80.90 days.
Overall, the trend in the number of days of payables for NXP Semiconductors NV suggests a recent improvement in the company's efficiency in managing its accounts payable, as it has been able to reduce the time taken to settle its payables in the most recent year.
Peer comparison
Dec 31, 2023