ON Semiconductor Corporation (ON)

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		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	6.52	6.67	6.63	6.26
Number of days of payables	days	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	55.98	54.74	55.04	58.29

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.02
= 60.61

The number of days of payables for ON Semiconductor Corp. has shown fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the company took approximately 60.61 days to pay its payables, marking a decrease from the previous quarter. This could indicate efficient cash management or potential negotiation improvements with suppliers. However, it is essential to note that the number of days of payables had been relatively higher in earlier quarters, reaching its peak at 82.72 days in Q1 2023. This suggests that the company might have been slower in settling its payables during those periods. Overall, monitoring this metric can provide insights into the company's liquidity position and relationship with vendors.