Qorvo Inc (QRVO)

Number of days of payables

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Payables turnover		8.38	9.02	10.79	7.20	6.79
Number of days of payables	days	43.58	40.48	33.84	50.73	53.74

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.38
= 43.58

Qorvo Inc's number of days of payables has shown a decreasing trend over the past five years, indicating that the company is taking fewer days to pay its creditors. The number of days of payables was 53.74 days as of March 31, 2021, and has since declined to 43.58 days as of March 31, 2025. This suggests that Qorvo Inc has been managing its payables more efficiently over the period, potentially improving its cash flow and working capital management. The decreasing trend may also indicate better negotiation power with suppliers or improved inventory management practices. Overall, the decline in the number of days of payables over the years suggests a positive aspect of the company's financial management practices.