Qorvo Inc (QRVO)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Payables turnover		9.02	7.92	7.37	6.92	10.79	10.44	7.57	7.49	7.20	6.45	4.41	6.34	6.79	6.76	8.19	8.40	7.76	7.86	8.75	8.55
Number of days of payables	days	40.48	46.11	49.51	52.78	33.84	34.96	48.19	48.74	50.73	56.60	82.80	57.53	53.74	53.97	44.56	43.45	47.01	46.44	41.70	42.71

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.02
= 40.48

Qorvo Inc's number of days of payables has exhibited fluctuations over the past few quarters. From March 2020 to March 2023, the number of days of payables ranged from 33.84 days to 52.78 days, indicating variability in the company's payment terms with suppliers during this period.

Since March 2023, the number of days of payables has shown a decreasing trend, reaching 40.48 days as of March 31, 2024. This decline suggests that Qorvo Inc has been taking fewer days to pay its suppliers compared to previous quarters.

Overall, monitoring the number of days of payables can provide valuable insights into Qorvo Inc's cash flow management and relationships with suppliers.