Onto Innovation Inc (ONTO)
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 | 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 | 6.16 | 3.36 | 2.90 | 4.35 | |
| Number of days of payables | days | 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 | 59.25 | 108.66 | 125.76 | 83.92 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.93
= 46.01
The number of days of payables for Onto Innovation Inc has exhibited fluctuations over the examined periods, ranging from the lowest figure of 40.5 days in September 2023 to the highest of 125.76 days in September 2019. Generally, a lower number of days of payables indicates that the company takes less time to pay its suppliers, potentially signaling strong liquidity or efficient management of accounts payable. Conversely, a higher number of days of payables may suggest liquidity challenges or delays in settling obligations.
Observing the trend, there seems to be variability in the company's payables management, as the figure oscillates around the mid-40s to mid-60s days in recent periods. It is crucial to analyze the reasons behind such fluctuations, as rapid or significant changes could impact the company's relationships with suppliers and overall financial health. Additionally, comparison with industry benchmarks or peer companies can provide further insights into Onto Innovation Inc's payables management efficiency.
Peer comparison
Dec 31, 2023