Qorvo Inc (QRVO)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.02 | 10.79 | 7.20 | 6.79 | 7.76 | |
| Number of days of payables | days | 40.48 | 33.84 | 50.73 | 53.74 | 47.01 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.02
= 40.48
The number of days of payables for Qorvo Inc has fluctuated over the past five years, indicating varying trends in the company's payment practices towards its suppliers.
In the most recent fiscal year ending March 31, 2024, Qorvo's days of payables stood at 40.48 days, showing an increase compared to the previous year where it was 33.84 days. This suggests that the company took slightly longer to pay its suppliers in the latest period.
Looking back further, Qorvo's number of days of payables was highest in the fiscal year ending March 31, 2022, at 50.73 days, and lowest in the fiscal year ending March 31, 2021, at 53.74 days. These figures indicate a significant improvement in the company's payment cycle efficiency in recent years.
Overall, Qorvo Inc's number of days of payables has shown fluctuations, with efforts to manage payment terms with suppliers effectively. Continued monitoring of this metric will be important to assess the company's working capital management and financial health.
Peer comparison
Mar 31, 2024