Silicon Laboratories Inc (SLAB)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.59 | 4.25 | 6.24 | 3.93 | 4.98 | |
| Number of days of payables | days | 65.24 | 85.96 | 58.46 | 92.82 | 73.35 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.59
= 65.24
The number of days of payables for Silicon Laboratories Inc have fluctuated over the past five years, ranging from 58.46 days in 2021 to 92.82 days in 2020. In 2023, the number of days of payables decreased to 65.24 days from 85.96 days in 2022, indicating an improvement in the company's ability to pay its suppliers. This suggests that in 2023, Silicon Laboratories Inc took about 65 days on average to pay its trade payables. A lower number of days of payables generally indicates that the company is managing its payables effectively, whereas a higher number may suggest potential liquidity issues or challenges in managing supplier relationships. It is important for the company to monitor and manage its payables efficiently to maintain healthy working capital management.
Peer comparison
Dec 31, 2023