Semtech Corporation (SMTC)

Number of days of payables

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020	Jan 26, 2020	Oct 27, 2019	Jul 28, 2019	Apr 28, 2019
Payables turnover		29.65	20.30	20.16	9.19	5.97	10.10	8.70	—	8.82	9.61	—	—	7.98	8.49	9.91	9.05	8.18	10.64	9.76	9.45
Number of days of payables	days	12.31	17.98	18.10	39.71	61.09	36.15	41.97	—	41.37	37.99	—	—	45.72	42.98	36.83	40.35	44.64	34.29	37.40	38.62

January 28, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.65
= 12.31

The number of days of payables for Semtech Corporation has shown some fluctuations over the past few reporting periods. In the latest available data as of January 28, 2024, the company had an average payment period of 12.31 days, indicating a relatively efficient management of its accounts payable.

However, in the prior quarter ending on October 29, 2023, the number of days of payables increased to 17.98 days, suggesting a slight delay in settling its obligations to suppliers compared to the most recent period.

Looking further back, on July 30, 2023, the number of days of payables was 18.10 days, also showing a similar trend of slightly longer payment cycles. This may indicate a potential shift in the company's payment practices.

It's worth noting that the company faced longer payment periods in previous quarters, such as on April 30, 2023, where the number of days of payables extended to 39.71 days, and even more prominently on January 29, 2023, with 61.09 days. These longer payment cycles could potentially impact the company's cash flow and relationships with suppliers.

Overall, monitoring the trend in the number of days of payables can provide valuable insights into Semtech Corporation's working capital management and financial performance, highlighting changes in its payment practices and potential implications for its liquidity position.