Power Integrations Inc (POWI)

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		8.17	8.04	5.88	7.35	9.45	10.38	7.80	9.25	7.84	8.41	7.55	7.36	7.05	5.14	5.10	5.83	7.56	6.43	5.37	5.84
Number of days of payables	days	44.68	45.37	62.07	49.64	38.64	35.18	46.77	39.44	46.57	43.38	48.34	49.61	51.77	71.00	71.54	62.57	48.31	56.78	67.92	62.47

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 fluctuations over the past eight quarters. In Q4 2023, the company took, on average, 44.68 days to pay its suppliers, which was slightly lower compared to 45.37 days in the previous quarter. However, this figure was higher than the 38.64 days reported in Q4 2022.

Looking at the trend over the eight quarters, Q2 2023 recorded the highest number of days of payables at 62.07 days, indicating that the company took longer to pay its suppliers during that period. On the other hand, Q3 2022 saw the lowest number of days of payables at 35.18 days, suggesting efficient management of payables during that quarter.

Overall, fluctuations in the number of days of payables can be influenced by various factors such as changes in payment terms with suppliers, fluctuations in business operations, or strategic working capital management. It is essential for stakeholders to monitor these trends to understand the company's payment practices and liquidity management.