Skyworks Solutions Inc (SWKS)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.30 | 16.74 | 14.18 | 13.25 | 9.07 | |
| Number of days of payables | days | 25.52 | 21.80 | 25.75 | 27.55 | 40.25 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.30
= 25.52
The number of days of payables for Skyworks Solutions Inc has fluctuated over the past five years. In 2024, the number of days of payables is 25.52 days, showing an increase from the previous year. This implies that the company took slightly longer to pay its suppliers in 2024 compared to 2023. However, compared to 2022 and 2021, where the number of days of payables was 25.75 days and 27.55 days respectively, the payables turnover improved in 2024.
It is worth noting that there was a significant improvement from 2020 to 2021, where the number of days of payables decreased from 40.25 days to 27.55 days, indicating that the company was managing its payables more efficiently. Overall, monitoring the trend in the number of days of payables can provide insights into the company's liquidity position and its ability to effectively manage its cash flow and obligations to suppliers.
Peer comparison
Sep 30, 2024