Sanmina Corporation (SANM)

Number of days of payables

		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	Mar 31, 2020	Dec 31, 2019
Payables turnover		4.99	5.04	5.25	5.63	5.42	4.97	4.59	2.93	2.80	2.62	2.63	3.74	4.29	5.00	5.85	5.55	5.32	5.16	6.05	6.19
Number of days of payables	days	73.16	72.39	69.57	64.79	67.33	73.51	79.52	124.69	130.32	139.12	138.91	97.51	85.11	72.95	62.36	65.78	68.64	70.72	60.33	58.94

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 shown some fluctuations over the past few quarters. As of September 30, 2024, the number of days of payables is 73.16 days, indicating that on average, the company takes approximately 73 days to pay its suppliers. This represents a slight increase compared to the previous quarter.

Looking at the trend over the past several quarters, there appears to be some variability in the number of days of payables. There was a notable spike in payables days in the fourth quarter of 2022, when the number of days reached 124.69 days, before gradually decreasing over the subsequent quarters.

Overall, a lower number of days of payables indicates that the company is paying its suppliers more quickly, which can be beneficial in terms of maintaining good supplier relationships. On the other hand, a higher number of days of payables may suggest that the company is taking longer to settle its payables, potentially indicating liquidity or cash flow issues. It is important for investors and analysts to closely monitor changes in the number of days of payables as part of their financial analysis of the company.