Photronics Inc (PLAB)

Number of days of payables

		Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Payables turnover		8.03	7.48	7.51	6.86	7.07
Number of days of payables	days	45.46	48.79	48.60	53.24	51.59

October 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.03
= 45.46

Photronics Inc's number of days of payables has been fluctuating over the past five years. In the most recent fiscal year ending on October 31, 2024, the company had 45.46 days of payables, which is a decrease compared to the previous year. This suggests that Photronics Inc is taking fewer days to pay its trade payables, which could indicate an improvement in the company's liquidity position or more efficient management of its working capital.

Looking back at the trend, the number of days of payables has generally been decreasing since the fiscal year ending on October 31, 2021. This downward trend indicates that Photronics Inc has been managing its payables more effectively over the years, possibly negotiating better payment terms with suppliers or streamlining its accounts payable processes.

However, it is important to note that the number of days of payables is just one aspect of a company's financial health and should be considered in conjunction with other financial ratios and metrics for a comprehensive analysis of Photronics Inc's financial performance and working capital management.