Super Micro Computer Inc (SMCI)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.13 | 5.63 | 7.52 | 8.38 | 9.76 | 6.38 | 6.71 | 5.09 | 5.18 | 5.82 | 4.94 | 6.18 | 6.91 | 8.33 | 6.74 | 5.97 | 7.02 | 8.51 | 8.34 | 8.66 | |
| Number of days of payables | days | 59.52 | 64.85 | 48.55 | 43.58 | 37.41 | 57.24 | 54.42 | 71.65 | 70.49 | 62.73 | 73.94 | 59.10 | 52.82 | 43.82 | 54.19 | 61.15 | 52.01 | 42.91 | 43.79 | 42.15 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.13
= 59.52
The number of days of payables for Super Micro Computer Inc has fluctuated over the past eight quarters. In Q2 2024, the company took approximately 59.52 days to pay its suppliers, which decreased from the previous quarter where it took around 64.85 days. This indicates a shorter payment period, which could imply better liquidity management or favorable payment terms negotiated with suppliers.
Comparing to the same quarter in the previous year (Q2 2023), the number of days of payables has increased, suggesting the company is taking a longer time to settle its payables. This trend was also observed in Q1 2024 compared to Q1 2023.
The highest number of days of payables was recorded in Q3 2022, where the company took approximately 71.65 days to pay its suppliers. This could indicate potential liquidity issues or challenges in managing working capital efficiently during that period.
Overall, analyzing the trend in the number of days of payables can provide insights into Super Micro Computer Inc's payment practices, relationship with suppliers, and overall financial health. Further analysis and comparison with industry norms may help in assessing the company's efficiency in managing its payables.
Peer comparison
Dec 31, 2023
See also:
Super Micro Computer Inc Average Payables Payment Period (Quarterly Data)