Plexus Corp (PLXS)

Number of days of payables

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		6.27	6.37	6.13	6.06	6.22	5.90	5.55	5.16	3.54	3.04	3.18	2.23	3.73	4.19	4.66	5.05	4.83	2.95	3.28	4.53
Number of days of payables	days	58.26	57.33	59.56	60.25	58.69	61.88	65.71	70.74	103.06	120.13	114.88	163.68	97.85	87.05	78.30	72.34	75.49	123.60	111.22	80.53

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.27
= 58.26

The number of days of payables for Plexus Corp has shown some fluctuation over the past few periods. The average number of days taken to pay suppliers has been around 80 days, with a range between 57 days to 163 days.

In general, a lower number of days of payables indicates that the company is able to settle its obligations to suppliers more quickly, which could be a sign of strong liquidity and efficient working capital management. On the other hand, a higher number of days of payables may suggest that the company is taking longer to fulfill its payment commitments, which could potentially strain relationships with suppliers.

It is important to assess the trend in the number of days of payables over time to understand whether Plexus Corp is improving its payment efficiency or facing challenges in managing its working capital effectively. Comparing the current number of days of payables to industry benchmarks and historical data can provide further insights into the company's financial health and operational efficiency.