Viavi Solutions Inc (VIAV)

Number of days of payables

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 6.73 6.61 7.71 8.99 8.48 10.29 9.92 11.19 9.90 11.07 10.07 8.27 8.90 8.79 7.43 7.49 7.67 8.55 8.53 10.20
Number of days of payables days 54.21 55.26 47.35 40.62 43.05 35.48 36.80 32.62 36.87 32.96 36.23 44.16 41.01 41.50 49.10 48.74 47.61 42.69 42.78 35.80

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.73
= 54.21

The analysis of Viavi Solutions Inc.'s number of days of payables over the specified periods reveals significant fluctuations indicative of evolving credit management and operational strategies. Starting from approximately 35.80 days at the end of September 2020, the metric increased steadily, reaching a peak of 55.26 days by March 2025. This overall upward trend suggests a gradual extension in the average duration the company takes to settle its payables, reflecting possibly more favorable credit terms negotiated with suppliers or a deliberate management of cash flow and liquidity.

During the initial period, the days of payables remained relatively stable, with moderate increases observed from 35.80 days in September 2020 to about 49.10 days at the end of December 2021. The subsequent quarters show some variability, with a decrease to approximately 36.23 days at the end of December 2022, followed by another decline to 32.96 days in March 2023, indicating efforts to accelerate payables or tighter credit terms.

However, from mid-2023 onward, the figures ascend once again, with notable increases reaching 55.26 days by March 2025. The pattern suggests periods of strategic extension of payables, possibly to optimize cash flow amidst changing external and internal conditions. This prolonged payment window may also reflect negotiated payment terms with suppliers or a response to liquidity management strategies during this period.

In sum, the data demonstrates a trend towards more extended payables over time, culminating in a significant increase toward early 2025. This pattern reflects strategic financial practices that influence the company's working capital cycle and overall liquidity posture.