Photronics Inc (PLAB)
Number of days of payables
| Oct 31, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 31, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 31, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.03 | 7.08 | 6.65 | 7.27 | 7.48 | 6.04 | 6.58 | 5.35 | 5.63 | 5.46 | 5.58 | 6.00 | 6.86 | 7.23 | 6.47 | 7.47 | 7.07 | 5.64 | 6.82 | 6.06 | |
| Number of days of payables | days | 45.46 | 51.57 | 54.88 | 50.19 | 48.79 | 60.46 | 55.43 | 68.25 | 64.80 | 66.91 | 65.44 | 60.80 | 53.24 | 50.51 | 56.41 | 48.85 | 51.59 | 64.70 | 53.50 | 60.18 |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.03
= 45.46
The number of days of payables for Photronics Inc has fluctuated over the past several periods. As of October 31, 2024, the company takes approximately 45.46 days to pay its creditors, which indicates a relatively efficient management of payables. However, this figure has decreased compared to the previous quarter where it took around 51.57 days to settle payables.
Looking further back, the number of days of payables has shown some variability, with periods of both shorter and longer payment cycles. The overall trend suggests that the company has been able to effectively manage its payables within a reasonable timeframe, with some variation quarter by quarter.
It is important to monitor this ratio closely to ensure that the company maintains a balance between timely payments to suppliers and optimizing cash flow. Any significant deviations from the historical trend should be analyzed to understand the factors driving changes in the number of days of payables.
Peer comparison
Oct 31, 2024