Smart Global Holdings Inc (SGH)

Given the data for SMART Global Holdings Inc's number of days of payables, we observe a fluctuating trend over the past five years. In 2023, the number of days of payables stands at 48.02 days, a significant decrease from the previous year's 92.19 days. This downward trend suggests improved efficiency in paying off trade payables within the current period.

Comparing the current year to 2021, there has been a substantial decrease from 131.48 days to 48.02 days, indicating a marked improvement in managing trade payables. However, it is important to note that in 2021, the number of days of payables increased significantly from the previous year, which could suggest a potential inefficiency in managing payables during that period.

Furthermore, comparing the data from 2020 and 2019, there was a decrease in the number of days of payables from 90.51 days to 61.75 days. This reduction may indicate an improvement in the company's ability to settle its payables within a shorter timeframe in 2019.

Overall, the decreasing trend in the number of days of payables from 2021 to 2023 illustrates an improvement in managing trade payables, potentially indicating enhanced liquidity and working capital management for SMART Global Holdings Inc. However, further analysis of the company's financial and operational activities is recommended to fully understand the factors driving these fluctuations.

Peer comparison

Aug 25, 2023