Ultra Clean Holdings Inc (UCTT)

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		7.55	8.22	9.17	9.28	7.53	7.14	7.19	6.22	5.02	5.45	5.74	7.17	9.12	9.38	6.87	7.03	6.53	8.42	8.67	8.77
Number of days of payables	days	48.32	44.40	39.81	39.32	48.46	51.11	50.73	58.70	72.69	67.02	63.55	50.91	40.00	38.91	53.10	51.90	55.88	43.33	42.12	41.62

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.55
= 48.32

Ultra Clean Holdings Inc's number of days of payables has shown some fluctuations over the past few quarters. Looking at the trend, the company has generally been able to effectively manage its payables.

The number of days of payables has ranged from a low of 38.91 days to a high of 72.69 days over the past two years. In the most recent quarter (December 31, 2023), the number of days of payables stood at 48.32 days, which indicates that the company takes approximately 48 days to pay off its trade payables.

Overall, the trend in the number of days of payables suggests that Ultra Clean Holdings Inc has been efficient in managing its payment obligations to suppliers. Further analysis should be conducted to understand the reasons behind the fluctuations and to assess the impact on the company's working capital management and overall financial health.