Onto Innovation Inc (ONTO)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.39 | 7.93 | 8.55 | 6.75 | 6.92 | |
| Number of days of payables | days | 43.51 | 46.01 | 42.71 | 54.11 | 52.75 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.39
= 43.51
The number of days of payables for Onto Innovation Inc has shown some fluctuations over the years.
- As of December 31, 2020, the company took approximately 52.75 days to settle its payables.
- This increased slightly to 54.11 days by December 31, 2021, indicating a longer period for payment.
- By December 31, 2022, the number of days of payables decreased to 42.71 days, suggesting an improvement in the company's ability to manage its payables.
- The trend continued to December 31, 2023, where the number of days of payables increased to 46.01 days.
- Finally, by December 31, 2024, the days of payables decreased again to 43.51 days.
Overall, the company's number of days of payables has seen some variability, potentially reflecting changes in the company's payment terms with suppliers or its ability to manage working capital efficiently.
Peer comparison
Dec 31, 2024