Sanmina Corporation (SANM)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.99 | 5.42 | 3.56 | 4.25 | 5.32 | |
| Number of days of payables | days | 73.16 | 67.33 | 102.52 | 85.81 | 68.64 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.99
= 73.16
The number of days of payables for Sanmina Corporation has fluctuated over the past five years. In the most recent year, as of September 30, 2024, the company took approximately 73.16 days on average to pay its suppliers. This indicates that the company is taking slightly longer to settle its payables compared to the previous year.
Looking back at previous years, we see that in September 2023, the number of days of payables was 67.33 days, showing an improvement in the efficiency of paying off obligations to suppliers. However, in September 2022, the number of days of payables increased significantly to 102.52 days, reflecting a potential liquidity challenge or a change in payment terms with suppliers.
In September 2021, the number of days of payables was 85.81 days, indicating that the company was taking longer to settle its payables compared to the year before. Lastly, in September 2020, the number of days of payables stood at 68.64 days, showing a similar level compared to the most recent year.
Overall, fluctuations in the number of days of payables suggest varying payment practices and potential impacts on the company's working capital management and relationships with suppliers. Further analysis of the trend and comparison with industry benchmarks could provide additional insights into Sanmina Corporation's financial health and operational efficiency.
Peer comparison
Sep 30, 2024