Sanmina Corporation (SANM)

Number of days of payables

		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	Mar 31, 2019
Payables turnover		5.59	5.20	4.93	4.56	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	5.72	5.66	5.18
Number of days of payables	days	65.32	70.18	74.06	80.13	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	63.85	64.45	70.40

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.59
= 65.32

The number of days of payables for Sanmina Corporation has been fluctuating over the past few quarters. Historically, the company has been able to manage its payables effectively, with the number of days ranging from 58.94 days to 139.12 days.

In the most recent quarter, as of December 31, 2023, Sanmina Corporation had 65.32 days of payables. This indicates that the company takes approximately 65 days to pay off its accounts payable obligations. The downward trend in the number of days of payables from the previous quarter may suggest more efficient management of trade payables or faster payment to suppliers.

Overall, analyzing the number of days of payables can provide insights into how efficiently a company is managing its cash flow and working capital. It is essential to monitor this ratio over time to understand any changes in the company's payment practices and liquidity position.