Sitime Corporation (SITM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.12 | 6.76 | 6.06 | 9.42 | 11.51 | |
| Number of days of payables | days | 51.24 | 53.97 | 60.28 | 38.75 | 31.72 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.12
= 51.24
The number of days of payables for SiTime Corp has shown a fluctuating trend over the past five years. In 2023, the company took an average of 51.24 days to pay its suppliers, which was a decrease from the previous year's 53.97 days. This improvement indicates a more efficient management of payables compared to the previous year.
However, when looking at a longer time frame, the number of days of payables in 2023 is still higher than in 2019, where it stood at 31.72 days. This suggests that SiTime Corp has taken longer to settle its payables in recent years compared to the earlier period.
It is important for the company to monitor its payables closely to maintain a balance between managing cash flow effectively and maintaining good relationships with suppliers. The trend in the number of days of payables could also be influenced by changes in supplier terms, business operations, or industry conditions.
Peer comparison
Dec 31, 2023