Qorvo Inc (QRVO)

Number of days of payables

Mar 31, 2025 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
Payables turnover 8.27 7.90 7.46 7.93 9.02 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
Number of days of payables days 44.12 46.18 48.93 46.03 40.48 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

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.27
= 44.12

The number of days of payables for Qorvo Inc has shown fluctuations over the past few years. As of March 31, 2025, the company had 44.12 days of payables, indicating that on average it takes approximately 44 days for the company to pay its suppliers or creditors.

Looking at the trend, we observe that the number of days of payables increased from around 43 days in mid-2020 to a peak of nearly 83 days by the end of September 2021. This prolonged payables period suggests that the company was taking longer to settle its outstanding balances with suppliers during that period.

Subsequently, there was a notable decline in the payables days, dropping to around 35 days by the end of December 2022. This sharp decrease might indicate a concerted effort by Qorvo Inc to improve its payment processes and manage its working capital more effectively.

While there have been some fluctuations since then, the company has generally maintained its payables days within the range of 40 to 50 days, reflecting a more stable payment performance. Overall, monitoring the number of days of payables is crucial for assessing the company's liquidity, cash flow management, and relationships with its suppliers.