Skyworks Solutions Inc (SWKS)

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		14.30	16.18	17.81	19.66	16.74	22.92	22.38	20.98	14.18	10.53	11.06	11.36	13.25	8.49	9.26	8.90	9.07	9.71	11.81	14.60
Number of days of payables	days	25.52	22.56	20.49	18.56	21.80	15.93	16.31	17.40	25.75	34.65	32.99	32.13	27.55	43.00	39.42	41.02	40.25	37.59	30.89	25.00

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 shown some fluctuation over the past few quarters. It indicates the average number of days it takes for the company to pay its suppliers for goods and services purchased on credit.

The most recent data shows that as of September 30, 2024, Skyworks Solutions Inc took approximately 25.52 days to settle its payables. This is a slight increase from the previous quarter, where it took around 22.56 days.

Looking back over the past few quarters, the number of days of payables has generally been in the range of 15 to 35 days, with occasional spikes such as in the third quarter of 2022 where it reached 43 days.

Overall, a lower number of days of payables indicates that the company is more efficient in managing its cash flow and paying its obligations promptly. Conversely, a higher number of days may suggest that the company is taking longer to pay its suppliers, which could have implications for vendor relationships and cash management.

It would be important to monitor this ratio in conjunction with other financial metrics to get a comprehensive view of Skyworks Solutions Inc's liquidity and operational efficiency.