Power Integrations Inc (POWI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.17 | 9.45 | 7.84 | 7.05 | 7.56 | |
| Number of days of payables | days | 44.68 | 38.64 | 46.57 | 51.77 | 48.31 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.17
= 44.68
The number of days of payables for Power Integrations Inc. has shown some fluctuation over the past five years.
In 2023, the number of days of payables increased to 44.68 days from 38.64 days in 2022. This indicates that the company took longer to pay off its suppliers and vendors compared to the previous year.
Looking further back, in 2021, the number of days of payables decreased to 46.57 days from 51.77 days in 2020. This suggests that the company was able to settle its payables more quickly in 2021 compared to the prior year.
Similarly, in 2019, the number of days of payables decreased to 48.31 days from 51.77 days in 2018. This implies that the company improved its efficiency in managing its payables and was able to settle its obligations more promptly in 2019.
Overall, fluctuations in the number of days of payables can provide insights into the company's liquidity management and relationships with suppliers. A decreasing trend may indicate improved cash management practices, while an increasing trend might suggest potential cash flow challenges or changes in payment terms with suppliers.
Peer comparison
Dec 31, 2023