Veeco Instruments Inc (VECO)
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 | 11.39 | 7.56 | 7.55 | 7.78 | 9.26 | 9.40 | 9.89 | 8.04 | 9.85 | 8.85 | 7.37 | 8.78 | 10.48 | 10.18 | 13.55 | 9.88 | 17.31 | 11.32 | 18.72 | 19.65 | |
| Number of days of payables | days | 32.05 | 48.29 | 48.34 | 46.89 | 39.42 | 38.82 | 36.89 | 45.42 | 37.06 | 41.25 | 49.50 | 41.57 | 34.82 | 35.86 | 26.93 | 36.96 | 21.08 | 32.23 | 19.50 | 18.57 |
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 variations over the past eight quarters. In Q4 2023, the company had 40.56 days payable, which decreased from 60.98 days in Q3 2023. This suggests that the company took fewer days to pay off its obligations to suppliers in Q4 2023 compared to the previous quarter.
Looking further back, there was a notable increase in the number of days of payables in Q2 2023 to 60.96 days from 58.90 days in Q1 2023. This indicates that Veeco took longer to settle its payables in Q2 2023. Comparing to the same quarter the previous year, Q2 2022, there was a decrease in the number of days of payables, reflecting improved efficiency in payment management.
Overall, the trend in the number of days of payables for Veeco Instruments Inc seems to fluctuate, indicating potential changes in the company's payment practices and relationships with suppliers. It will be important to closely monitor this metric in future periods to assess the company's cash flow management and working capital efficiency.
Peer comparison
Dec 31, 2023