Semtech Corporation (SMTC)

The number of days of payables for Semtech Corporation has fluctuated over the past five years. In the most recent fiscal year (ending January 28, 2024), the number of days of payables was 9.64 days, which indicates that on average, it takes the company approximately 9.64 days to pay off its outstanding accounts payable. This represents a significant improvement compared to the prior year, where the number of days of payables was 61.13 days.

The drastic reduction in the number of days of payables from 2023 to 2024 suggests that Semtech Corporation has improved its ability to manage its payables more efficiently, possibly by negotiating better payment terms with suppliers or enhancing its working capital management processes.

Looking back further, we can see that in 2022, the number of days of payables was 41.31 days, which was lower compared to 2023 but higher than the most recent year. In 2021 and 2020, the number of days of payables was relatively stable at around 45 days.

Overall, the trend in the number of days of payables for Semtech Corporation shows variability, with a significant improvement in the most recent year. This improvement may indicate enhanced financial management practices within the company, leading to better control over its payment obligations and potentially strengthening its overall financial health.

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Jan 28, 2024