Silicon Laboratories Inc (SLAB)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.41 | 5.59 | 4.25 | 6.24 | 3.93 | |
| Number of days of payables | days | 56.92 | 65.24 | 85.96 | 58.46 | 92.82 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.41
= 56.92
The number of days of payables for Silicon Laboratories Inc has shown some fluctuations over the years. As of December 31, 2020, the company took an average of 92.82 days to pay its payables, which decreased to 58.46 days by December 31, 2021. This indicates a more efficient management of payables during that year.
However, by December 31, 2022, the number of days of payables increased to 85.96 days, suggesting a potential slowdown in payment processing or an increase in payment terms with suppliers. Subsequently, by December 31, 2023, the number of days decreased to 65.24 days, which may signal a reversion to more efficient payables management practices.
By December 31, 2024, the number of days of payables further decreased to 56.92 days, indicating that the company improved its ability to settle its payables faster. Overall, the trend in the number of days of payables suggests some variability in the efficiency of managing payables over the years, with some improvements seen in more recent periods.
Peer comparison
Dec 31, 2024