Texas Instruments Incorporated (TXN)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		10.38	7.35	10.45	12.51	13.45
Number of days of payables	days	35.16	49.64	34.92	29.17	27.14

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.38
= 35.16

The number of days of payables for Texas Instruments Inc. has fluctuated over the past five years. In 2023, the company took approximately 45.04 days to pay its trade payables, which is a slight improvement compared to 2022 where it took 49.64 days. This indicates that the company managed to reduce the time it takes to settle its payables in 2023.

Compared to three years ago, in 2021, the number of days of payables increased to 39.94 days. However, looking back further to 2020 and 2019, there was a more significant decrease in the number of days required to pay off its liabilities, with 29.17 days in 2020 and 27.14 days in 2019.

Overall, the trend suggests that Texas Instruments Inc. has been extending the time it takes to settle its payables in recent years, with a notable decrease in the number of days in 2023 compared to 2022. This could indicate either changes in the company's payment policies or the ability to negotiate more favorable payment terms with its suppliers.