Plexus Corp (PLXS)

Number of days of payables

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		5.98	6.14	5.83	5.49	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	5.06	6.93	6.11
Number of days of payables	days	60.99	59.40	62.61	66.50	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	72.13	52.67	59.71

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.98
= 60.99

The number of days of payables for Plexus Corp has fluctuated over the past few years. The trend indicates that the company takes on average 60 to 70 days to pay its suppliers. However, there have been periods, such as in Sep 2022, Jun 2022, and Mar 2021, where the number of days of payables exceeded 100 days, signaling potential liquidity challenges or inefficiencies in managing payables.

It is worth noting that a higher number of days of payables could indicate that Plexus Corp is taking a longer time to settle its outstanding obligations, potentially straining relationships with suppliers or leading to missed discounts for early payment. Conversely, a decrease in the number of days of payables could suggest improved working capital management or negotiations with suppliers.

Overall, monitoring the number of days of payables is crucial for assessing Plexus Corp's liquidity, supplier relationships, and financial performance.