Sanmina Corporation (SANM)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.24 | 3.56 | 4.25 | 5.32 | 5.72 | |
| Number of days of payables | days | 69.64 | 102.52 | 85.81 | 68.64 | 63.85 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.24
= 69.64
The number of days of payables for Sanmina Corp has exhibited variability over the past five years. In particular, the number of days of payables was 71.86 days as of September 30, 2023, demonstrating a decrease compared to the previous year. This suggests that Sanmina Corp took approximately 71.86 days to pay off its trade payables during the current period. The trend over the past five years indicates fluctuations in the efficiency of managing its payables, with the number of days ranging from 63.85 days to 102.18 days. This variability may warrant further examination of the company's cash management and supplier relationships to understand the underlying factors influencing the changes in the number of days of payables.
Peer comparison
Sep 30, 2023