Super Micro Computer Inc (SMCI)

Number of days of payables

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Payables turnover		8.78	7.52	6.71	4.94	6.74
Number of days of payables	days	41.57	48.55	54.42	73.94	54.19

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.78
= 41.57

The number of days of payables for Super Micro Computer Inc has fluctuated over the past five years. As of June 30, 2020, the company took an average of 54.19 days to pay its suppliers. This number increased to 73.94 days by June 30, 2021, indicating a potential delay in settling its payables.

However, there was a noticeable improvement in payables management by June 30, 2022, with the number of days reduced to 54.42 days. The trend continued positively, with the company further improving its payment efficiency to 48.55 days by June 30, 2023.

The most recent data point as of June 30, 2024, shows Super Micro Computer Inc taking only 41.57 days on average to pay its suppliers. This indicates effective management of payables, potentially leveraging discounts or managing cash flow more efficiently.

Overall, the trend suggests that the company has been actively managing its payables over the years, which can have implications for its working capital management and overall financial health.