Qualcomm Incorporated (QCOM)

Number of days of payables

		Sep 30, 2024	Jun 23, 2024	Mar 31, 2024	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
Payables turnover		6.60	6.37	6.95	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
Number of days of payables	days	55.29	57.30	52.49	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

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.60
= 55.29

Qualcomm Incorporated's number of days of payables has fluctuated over the past few years, ranging from as low as 29.19 days to as high as 88.65 days. This ratio indicates how long, on average, the company takes to pay its suppliers and vendors. A higher number of days of payables suggests that the company is taking longer to settle its outstanding payables, potentially indicating a more relaxed liquidity position or negotiating power with suppliers. On the other hand, a lower number of days of payables may indicate efficient working capital management but could also signify strained supplier relationships or potential cash flow problems. It is essential to monitor this ratio in conjunction with other liquidity and operational efficiency metrics to gain a comprehensive understanding of Qualcomm's financial health and management of its supplier relationships.