Photronics Inc (PLAB)

Number of days of payables

		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	Oct 31, 2019	Jul 28, 2019	Apr 28, 2019
Payables turnover		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	5.33	5.24	5.51
Number of days of payables	days	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	68.52	69.60	66.27

January 28, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.27
= 50.19

The number of days of payables for Photronics, Inc. has shown some fluctuation over the past eight quarters. In Q1 2024, the number of days of payables was 56.86 days, which was slightly higher compared to the previous quarter at 55.17 days in Q4 2023. This indicates that the company took slightly longer to pay off its payables in Q1 2024.

Looking at the trend over a longer period, there seems to be some variability in the number of days of payables, with peaks in Q3 2023 at 68.20 days and Q2 2023 at 62.41 days. However, the numbers have generally remained within a relatively consistent range, with Q4 2022 having the lowest number of days of payables at 54.76 days.

Overall, it appears that Photronics, Inc. has managed its payables effectively, keeping the number of days within a reasonable range over the past eight quarters. Further analysis of the company's payment policies and working capital management strategies could provide more insights into the reasons behind these fluctuations and how they may impact the company's financial performance.