Qualcomm Incorporated (QCOM)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.30 | 4.91 | 5.19 | 4.12 | 6.29 | |
| Number of days of payables | days | 43.98 | 74.35 | 70.38 | 88.66 | 58.07 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.30
= 43.98
The number of days of payables for Qualcomm Incorporated has fluctuated over the past five years. In 2023, the company took approximately 43.98 days to pay its creditors, which is a significant improvement compared to the previous year when it took 74.35 days. This suggests that Qualcomm has been managing its payables more efficiently in 2023.
Looking at the trend over the five-year period, there have been variations in the number of days of payables. In 2021 and 2020, Qualcomm took around 70-88 days to settle its payables, indicating a longer payment cycle during those years. However, in 2019, the company had a shorter payables period of 58.07 days.
Overall, the decreasing trend in the number of days of payables in 2023 compared to the previous year reflects improved liquidity management and potentially better supplier relationships. It is important to monitor this ratio over time to assess Qualcomm's ability to effectively manage its cash flow and vendor payments.
Peer comparison
Sep 30, 2023