Universal Display (OLED)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.38 | 13.44 | 7.69 | 6.19 | 5.67 | |
| Number of days of payables | days | 29.48 | 27.17 | 47.47 | 58.93 | 64.39 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.38
= 29.48
Universal Display Corp.'s number of days of payables has shown a trend of decreasing over the past five years, indicating an improvement in the company's ability to pay off its trade payables. In 2023, the company took approximately 29.48 days, on average, to pay off its trade payables, a slight increase from the previous year but still a relatively efficient turnaround time. This suggests that the company is managing its cash flow effectively and maintaining healthy relationships with its suppliers. Overall, the decreasing trend in the number of days of payables reflects positively on Universal Display Corp.'s liquidity position and working capital management.
Peer comparison
Dec 31, 2023