Viavi Solutions Inc (VIAV)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.42 | 9.90 | 8.90 | 7.67 | 8.89 | |
| Number of days of payables | days | 43.34 | 36.87 | 41.01 | 47.61 | 41.07 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.42
= 43.34
Over the past five years, Viavi Solutions Inc's number of days of payables has shown some fluctuations. In the most recent fiscal year ended June 30, 2024, the company took approximately 43.34 days, on average, to pay its trade payables. This represents an increase compared to the previous year, where the number of days of payables was 36.87 days.
The trend over the five-year period indicates some variability in the company's payment behavior towards its suppliers. Despite the increase in the number of days of payables in 2024, Viavi Solutions Inc seems to have managed its payables efficiently in the prior years, notably reducing the days of payables from 47.61 days in 2021 to 41.01 days in 2022.
Overall, the analysis of Viavi Solutions Inc's number of days of payables suggests that the company has been making efforts to optimize its payment terms with suppliers, as evidenced by the fluctuations observed in the metric over the past five years. This area of the company's financial management is important as it impacts cash flow and working capital management.
Peer comparison
Jun 30, 2024