Ultra Clean Holdings Inc (UCTT)

Number of days of payables

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Payables turnover 8.19 7.55 7.53 5.02 9.12
Number of days of payables days 44.54 48.32 48.46 72.69 40.00

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.19
= 44.54

Ultra Clean Holdings Inc's number of days of payables has varied over the past five years.

- As of December 31, 2020, the company took approximately 40.00 days to pay its accounts payable on average.
- The number of days of payables increased significantly by December 31, 2021, to 72.69 days. This suggests that the company may have taken longer to pay its suppliers during this period.
- By December 31, 2022, the number of days of payables decreased to 48.46 days, indicating a shorter payment cycle compared to the previous year.
- There was a slight decrease in the number of days of payables by December 31, 2023, to 48.32 days, which shows that the company maintained a similar payment trend as in the previous year.
- Finally, by December 31, 2024, the number of days of payables further decreased to 44.54 days, implying that the company may have become more efficient in managing its accounts payable.

Overall, the trend in Ultra Clean Holdings Inc's number of days of payables suggests some fluctuations but generally shows a relatively stable payment cycle over the five-year period.