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.
Peer comparison
Mar 31, 2025