Teradyne Inc (TER)

Number of days of payables

		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	Jun 30, 2019	Mar 31, 2019
Payables turnover		6.33	6.59	7.81	8.77	9.22	7.94	7.81	9.44	9.77	9.34	9.15	7.65	9.99	8.63	6.38	8.08	7.54	7.58	8.60	7.32
Number of days of payables	days	57.70	55.42	46.74	41.62	39.60	45.94	46.71	38.68	37.36	39.06	39.89	47.74	36.52	42.30	57.24	45.17	48.39	48.16	42.43	49.89

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.33
= 57.70

To analyze Teradyne, Inc.'s number of days of payables, we observe a trend of fluctuating figures over the past eight quarters. The number of days of payables has ranged from a low of 38.68 days in Q1 2022 to a high of 57.70 days in Q4 2023. The average number of days of payables over this period appears to be approximately 46 days.

The decrease in the number of days of payables from Q1 2022 to Q3 2023 indicates that the company may be managing its payables more efficiently over time. However, the increase in Q4 2023 suggests a potential lengthening of payment periods.

A higher number of days of payables may indicate that Teradyne is taking longer to pay its suppliers, which could be a strategic decision to improve cash flow or manage working capital. On the other hand, a lower number of days of payables may signal more prompt payment to suppliers or improved negotiation terms.

It is essential for stakeholders to closely monitor Teradyne's number of days of payables to assess the company's liquidity, cash flow management, and vendor relationships. Additional context, such as industry benchmarks and company-specific factors, would be helpful in providing a more comprehensive analysis of Teradyne's payables management practices.