Qualcomm Incorporated (QCOM)

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		7.52	8.30	9.67	12.50	7.17	4.91	4.72	4.37	4.28	5.19	4.83	4.62	4.38	4.12	4.21	4.19	4.96	6.29	5.88	5.82
Number of days of payables	days	48.56	43.98	37.76	29.19	50.89	74.35	77.35	83.43	85.37	70.38	75.53	79.04	83.39	88.65	86.76	87.05	73.57	58.07	62.08	62.68

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.52
= 48.56

Qualcomm Incorporated's number of days of payables has exhibited variability over the past few quarters. The trend shows a decrease from 83.43 days in the first quarter of 2022 to 48.56 days in the fourth quarter of 2023. This indicates that the company took fewer days to pay its suppliers at the end of 2023 compared to previous quarters. The decrease in the number of days of payables may suggest improved efficiency in managing payments to suppliers. It is essential to monitor this ratio over time to assess Qualcomm's ability to manage its payables effectively and maintain healthy supplier relationships.