Vicor Corporation (VICR)
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 | 23.63 | 21.15 | 19.82 | 18.29 | 13.73 | 12.15 | 8.50 | 11.47 | 11.83 | 13.23 | 11.01 | 14.48 | 16.17 | 18.34 | 13.53 | 15.26 | 22.51 | 20.16 | 19.34 | 19.19 | |
| Number of days of payables | days | 15.45 | 17.26 | 18.42 | 19.95 | 26.59 | 30.04 | 42.95 | 31.82 | 30.84 | 27.60 | 33.14 | 25.20 | 22.57 | 19.90 | 26.97 | 23.92 | 16.22 | 18.11 | 18.87 | 19.02 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.63
= 15.45
To analyze Vicor Corp.'s number of days of payables, we observe a decreasing trend over the quarters, from 37.09 days in Q4 2022 to 22.07 days in Q4 2023. This indicates that the company is taking fewer days to pay its suppliers or vendors. A lower number of days of payables can suggest improved liquidity management, negotiating better payment terms with suppliers, or an increase in cash flow efficiency.
The decrease in the number of days of payables could also signify that Vicor Corp. is better managing its working capital, potentially freeing up cash for other uses or investments. However, it is important to note that extremely low days of payables could indicate aggressive tactics or strained relationships with suppliers.
Overall, the downward trend in Vicor Corp.'s number of days of payables reflects positive cash flow management and potential operational efficiencies.
Peer comparison
Dec 31, 2023