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.