Sonos Inc (SONO)
Number of days of payables
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.51 | 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 | |
| Number of days of payables | days | 56.04 | 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 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.51
= 56.04
The number of days of payables for Sonos Inc has fluctuated over the past few quarters. As of September 30, 2024, the company took approximately 56.04 days to pay its obligations to suppliers. This indicates an increase compared to the previous quarter, where the number of days of payables was 51.14 days.
Looking at a longer trend, the number of days of payables has varied between 26.74 days and 92.48 days over the last two years. The highest number of days recorded was 92.48 days as of March 31, 2022, while the lowest was 26.74 days as of June 30, 2020.
Analyzing the payment pattern provides insights into Sonos Inc's liquidity management and relationships with suppliers. An increasing trend in the number of days of payables may suggest a delay in settling accounts with suppliers, potentially indicating cash flow challenges or strategic decisions to hold onto cash for longer periods. Conversely, a decreasing trend could indicate efficient management of payables or improved cash flow. Tracking this ratio over time can help assess the company's financial health and operational efficiency related to supplier payments.
Peer comparison
Sep 30, 2024