Photronics Inc (PLAB)
Number of days of payables
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.48 | 7.51 | 6.86 | 7.07 | 5.33 | |
| Number of days of payables | days | 48.79 | 48.60 | 53.24 | 51.59 | 68.52 |
October 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.48
= 48.79
The number of days of payables for Photronics, Inc. has shown some variability over the past five years. In 2023, the company took an average of 55.17 days to pay its suppliers, which is a slight increase from the previous year. This indicates that the company is taking slightly longer to settle its accounts payable. However, compared to 2019 when the number of days of payables was 77.60 days, the company has since been more efficient in managing its payables. This decreasing trend suggests an improvement in the company's ability to manage its supplier payments efficiently, potentially freeing up cash for other uses. It may also indicate improved relationships with suppliers, allowing for extended payment terms. Overall, the trend in the number of days of payables illustrates the company's management of its trade credit and supplier relationships.
Peer comparison
Oct 31, 2023