Qualcomm Incorporated (QCOM)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.60 | 8.30 | 4.91 | 5.19 | 4.12 | |
| Number of days of payables | days | 55.28 | 43.98 | 74.35 | 70.38 | 88.66 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.60
= 55.28
Based on the data provided, Qualcomm Incorporated's number of days of payables has shown variability over the past five years. The number of days of payables has ranged from a low of 43.98 days in September 2023 to a high of 88.66 days in September 2020.
The number of days of payables in September 2024 increased to 55.28 days compared to the previous year, indicating that the company took longer to pay its suppliers and vendors. This could suggest a change in the company's payment policies or an increase in the average age of accounts payable.
On average, Qualcomm Incorporated takes around 63.53 days to pay its suppliers based on the data provided over the past five years. It is essential for the company to carefully manage its payables to maintain good relationships with its suppliers while also optimizing cash flow efficiency. An increasing number of days of payables may indicate potential liquidity issues or strained supplier relationships, while a decreasing number may suggest improved working capital management.
Peer comparison
Sep 30, 2024