ON Semiconductor Corporation (ON)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		6.73	6.69	6.78	6.51	6.02	4.80	4.81	4.41	4.99	5.28	5.12	5.58	6.34	6.61	6.25	5.99	6.18	6.56	6.76	7.04
Number of days of payables	days	54.24	54.54	53.85	56.04	60.61	76.00	75.96	82.72	73.20	69.14	71.24	65.39	57.59	55.23	58.38	60.93	59.08	55.60	53.96	51.86

December 31, 2024 calculation

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

The number of days of payables for ON Semiconductor Corporation has shown fluctuating trends over the past few years. Starting from around 51.86 days as of March 31, 2020, the metric increased gradually, reaching a peak of 82.72 days as of March 31, 2023. Thereafter, a notable decline was observed, dropping to 53.85 days by June 30, 2024.

The increase in the number of days of payables may indicate that ON Semiconductor is taking longer to pay off its suppliers, potentially signaling challenges in managing its working capital efficiently. However, the subsequent decrease in this metric could suggest that the company has implemented strategies to improve its payables management and enhance its cash flow position.

Overall, monitoring the number of days of payables provides insights into ON Semiconductor's financial health, operational efficiency, and relationships with suppliers.