Onto Innovation Inc (ONTO)
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 | 8.39 | 9.41 | 8.48 | 7.37 | 7.93 | 9.01 | 8.38 | 8.38 | 8.55 | 7.06 | 5.92 | 5.53 | 6.75 | 6.64 | 6.51 | 6.13 | 6.92 | 7.45 | 7.37 | 6.81 | |
| Number of days of payables | days | 43.51 | 38.80 | 43.02 | 49.53 | 46.01 | 40.50 | 43.54 | 43.57 | 42.71 | 51.67 | 61.67 | 66.00 | 54.11 | 54.97 | 56.03 | 59.57 | 52.75 | 49.00 | 49.50 | 53.60 |
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 period from March 31, 2020, to December 31, 2024. The company's payables were at 53.60 days as of March 31, 2020, and decreased to 42.71 days by December 31, 2022. Subsequently, there was a slight increase in the number of days of payables, reaching 46.01 days by December 31, 2023.
However, there was a noticeable increase in the number of days of payables from March 31, 2023, to March 31, 2024, where the figure rose from 43.57 days to 49.53 days. This trend reversed in the following quarters, with the number of days of payables decreasing to 38.80 days by September 30, 2024.
Overall, the company's management of payables has fluctuated over the years, with some periods showing efficient management by extending payment terms while others indicate potential delays in settling obligations. Further analysis of the company's financial performance and operating activities would provide additional context to interpret these changes in the number of days of payables.
Peer comparison
Dec 31, 2024