Qorvo Inc (QRVO)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 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
Payables turnover 7.80 7.37 7.83 8.90 7.76 7.22 6.77 10.58 10.44 7.57 7.49 7.20 6.45 4.41 6.34 6.79 6.76 8.19 8.40 7.76
Number of days of payables days 46.77 49.53 46.59 41.00 47.01 50.59 53.92 34.50 34.96 48.19 48.74 50.73 56.60 82.80 57.53 53.74 53.97 44.56 43.45 47.01

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.80
= 46.77

The number of days of payables for Qorvo Inc has shown varying trends over the period from March 31, 2020, to December 31, 2024. The metric indicates the average number of days a company takes to pay its suppliers for goods and services purchased on credit.

Initially, from March 31, 2020, to September 30, 2020, the number of days of payables decreased gradually, indicating that the company was managing its payables efficiently. However, there was an increase in the number of days of payables from September 30, 2020, to December 31, 2020, which continued into the first half of 2021.

From March 31, 2021, to September 30, 2021, there was a significant spike in the number of days of payables, reaching its peak at 82.80 days, which could indicate potential liquidity challenges or delayed payments to suppliers during this period.

Subsequently, there was a declining trend in the number of days of payables from September 30, 2021, to December 31, 2022, which suggests improvement in managing payables efficiently and potentially strengthening the company's cash flow position.

From March 31, 2023, to December 31, 2024, the number of days of payables remained relatively stable around 40-50 days, indicating a consistent approach to managing payables during these periods.

Overall, the trend in the number of days of payables for Qorvo Inc highlights the company's ability to effectively manage its payables and cash flow position over the analyzed period, with occasional fluctuations that may warrant further investigation into the company's supplier relationships and working capital management strategies.