Sonos Inc (SONO)
Number of days of payables
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.14 | 10.67 | 7.56 | 7.39 | 9.61 | 7.65 | 6.14 | 4.20 | 4.56 | 5.19 | 3.95 | 6.20 | 6.60 | 6.28 | 4.98 | 4.71 | 10.94 | 13.65 | 5.93 | 4.30 | |
| Number of days of payables | days | 51.14 | 34.21 | 48.26 | 49.40 | 37.99 | 47.70 | 59.48 | 87.00 | 80.10 | 70.26 | 92.48 | 58.89 | 55.29 | 58.12 | 73.35 | 77.48 | 33.38 | 26.74 | 61.52 | 84.84 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.14
= 51.14
Sonos Inc's number of days of payables has varied over the past several quarters, ranging from a low of 26.74 days to a high of 92.48 days. As of June 30, 2024, the company takes an average of 51.14 days to pay its suppliers, which is higher than the previous quarter but lower than the peak observed in December 2021.
The trend in the number of days of payables suggests that Sonos Inc may be managing its payables efficiently, as there are fluctuations but no consistent upward or downward trend. It is important to keep an eye on this metric to ensure that the company's payment practices remain in line with industry norms and do not negatively impact its liquidity or relationships with suppliers.
Peer comparison
Jun 30, 2024