ON Semiconductor Corporation (ON)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		6.73	6.02	4.99	6.34	6.18
Number of days of payables	days	54.24	60.61	73.20	57.59	59.08

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.73
= 54.24

ON Semiconductor Corporation's number of days of payables has shown some fluctuation over the years. The company took an average of 59.08 days to pay its creditors as of December 31, 2020, which decreased slightly to 57.59 days by December 31, 2021. However, there was a significant increase to 73.20 days by December 31, 2022, indicating the company was taking longer to settle its payables.

The number of days of payables then decreased to 60.61 days as of December 31, 2023, suggesting an improved payment timeline. By December 31, 2024, the company further decreased its number of days of payables to 54.24 days, indicating a more efficient management of payables.

Overall, the trend in the number of days of payables for ON Semiconductor Corporation shows fluctuations but appears to be relatively well managed, with potential areas for improvement in payables management identified in certain years.