Texas Instruments Incorporated (TXN)

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		9.21	9.66	6.87	6.63	7.35	7.89	8.46	9.27	10.45	9.93	9.86	9.60	12.51	8.08	9.39	12.59	13.49	14.49	14.28	12.57
Number of days of payables	days	39.61	37.78	53.10	55.07	49.64	46.25	43.15	39.39	34.92	36.77	37.01	38.02	29.17	45.17	38.89	28.99	27.06	25.18	25.55	29.05

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.21
= 39.61

Texas Instruments Inc.'s number of days of payables has shown some fluctuations over the past eight quarters. The average number of days of payables for the company over this period was approximately 46 days. In Q4 2023, the number of days of payables increased to 45.04 days from 40.43 days in Q3 2023. This indicates that the company took longer to pay its suppliers in the most recent quarter compared to the previous quarter.

Looking at the trend over the past year, we observe that the number of days of payables has generally been in the range of 39 to 55 days. The lowest number of days of payables was recorded in Q1 2022 at 39.39 days, while the highest was in Q3 2023 at 55.07 days. This suggests some variability in the company's payment practices.

Overall, the number of days of payables for Texas Instruments Inc. seems to be within a reasonable range, indicating that the company is effectively managing its payables in relation to its operations and supply chain. However, it is important for stakeholders to continue monitoring this ratio as changes could potentially impact the company's liquidity and operational efficiency.