NXP Semiconductors NV (NXPI)

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	Dec 31, 2018
Payables turnover		4.92	5.90	5.86	5.67	4.80	3.65	3.69	3.76	3.99	4.28	4.10	4.42	4.42	6.10	5.70	4.87
Number of days of payables	days	74.24	61.85	62.27	64.39	76.04	100.00	98.84	97.16	91.47	85.21	89.07	82.59	82.64	59.86	64.09	75.01

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 shown a decreasing trend over the past four quarters. In Q4 2023, the company took, on average, 74.24 days to pay its suppliers, which is lower compared to the previous quarter's 61.85 days. This indicates that NXP is managing its accounts payable more efficiently as it has been able to settle its obligations to suppliers more quickly in Q4 2023.

Furthermore, comparing the current quarter to the same quarter in the previous year, there has been a significant improvement in the number of days of payables. In Q4 2023, the company reduced its payables days to 74.24 days compared to 103.76 days in Q4 2022, demonstrating a more effective management of its payment terms with suppliers.

Overall, the decreasing trend in the number of days of payables for NXP Semiconductors NV suggests that the company is managing its working capital more efficiently by paying its suppliers more promptly. This could indicate improved liquidity and better relationships with suppliers, which may positively impact the company's financial health and operational performance.