Veeco Instruments Inc (VECO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.39 | 9.26 | 9.85 | 10.48 | 17.31 | |
| Number of days of payables | days | 32.05 | 39.42 | 37.06 | 34.82 | 21.08 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.39
= 32.05
The number of days of payables for Veeco Instruments Inc has shown some fluctuations over the past five years. In 2023, the company took on average approximately 40.56 days to pay its trade payables, which represents a decrease compared to the prior year. This improvement suggests that the company is managing its payables more efficiently compared to the previous year when it took 49.60 days to settle its payables.
Looking further back, we observe that in 2021 and 2020, the number of days of payables stood at 47.58 and 47.27 days respectively, indicating a relatively stable payment period during these years. However, in 2019, there was a significant decrease in the number of days of payables to 29.74 days, suggesting a more rapid settlement of trade payables compared to the subsequent years.
Overall, the trend in the number of days of payables for Veeco Instruments Inc indicates some variability in the company's payment practices over the years, with fluctuations between shorter and longer payment periods. It is essential for investors and analysts to monitor this metric regularly to assess the company's liquidity management and relationship with its suppliers.
Peer comparison
Dec 31, 2023