Universal Display (OLED)
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 | 12.38 | 6.28 | 18.09 | 13.11 | 13.44 | 9.74 | 8.84 | 4.61 | 7.69 | 10.03 | 9.84 | 5.86 | 6.19 | 7.97 | 6.89 | 7.91 | 5.67 | 8.19 | 9.60 | 8.81 | |
| Number of days of payables | days | 29.48 | 58.15 | 20.18 | 27.84 | 27.17 | 37.49 | 41.31 | 79.12 | 47.47 | 36.38 | 37.11 | 62.33 | 58.93 | 45.82 | 52.97 | 46.15 | 64.39 | 44.56 | 38.03 | 41.42 |
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 some fluctuations over the past eight quarters. In Q4 2023, the company had 29.48 days of payables, which was a significant improvement compared to Q3 2023 where the days of payables were 58.15. This indicates that the company took fewer days to pay its outstanding bills and obligations in Q4 2023.
The number of days of payables in Q2 2023 was 20.18 days, the lowest in the provided data. This suggests that the company was efficient in managing its payables during that quarter. However, in Q1 2023, the days of payables increased to 27.84 days, which is still relatively lower compared to the previous quarters.
Looking back at Q4 2022, the company had 27.17 days of payables, close to the figure in Q1 2023. In Q3 2022 and Q2 2022, the number of days of payables were higher at 37.49 days and 41.31 days respectively. The highest number of days of payables was recorded in Q1 2022 at 79.12 days, indicating a significant delay in paying the company's bills during that period.
Overall, Universal Display Corp.'s number of days of payables has displayed variability, with some quarters showing more efficiency in managing payables, while others showing delayed payments. It is important to monitor this trend to understand the company's payment cycle and financial health.
Peer comparison
Dec 31, 2023