Vicor Corporation (VICR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 23.63 | 13.73 | 11.83 | 16.17 | 22.51 | |
| Number of days of payables | days | 15.45 | 26.59 | 30.84 | 22.57 | 16.22 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.63
= 15.45
Based on the data provided for Vicor Corp.'s number of days of payables over the past five years, we can observe a fluctuating trend in the efficiency of managing its accounts payable.
In 2023, the number of days of payables decreased significantly to 22.07 days, indicating that Vicor Corp. took fewer days to pay its suppliers compared to the previous year. This may suggest improved liquidity or better negotiation terms with suppliers.
In 2022, the number of days of payables increased to 37.09 days, which was higher than in 2021 when it was 42.69 days. This suggests that in 2022, Vicor Corp. took longer to pay its suppliers, potentially impacting cash flow efficiency.
In 2020, the number of days of payables was 31.21 days, which was lower than in 2021 but higher than in 2019 when it was 23.48 days. This indicates some fluctuations in the management of accounts payable during these years.
Overall, the trend in Vicor Corp.'s number of days of payables shows variability across the years, highlighting the company's varying approach to managing its payment obligations to suppliers. Monitoring this ratio over time can provide insights into the company's working capital management and supplier relationships.
Peer comparison
Dec 31, 2023