Vishay Intertechnology Inc (VSH)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.71 | 12.89 | 9.26 | 9.79 | 11.48 | |
| Number of days of payables | days | 28.72 | 28.31 | 39.42 | 37.30 | 31.79 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.71
= 28.72
Vishay Intertechnology, Inc.'s number of days of payables, which measures how long it takes for the company to pay its suppliers, has been relatively stable over the past five years. The trend shows a slight increase in payables days from 31.79 days in 2019 to 39.42 days in 2021, followed by a decrease to 28.72 days in 2023. This indicates that the company has managed its payables efficiently in recent years, although there was a temporary increase in 2021.
A lower number of days of payables suggests that the company is paying its suppliers more quickly, which could be advantageous in maintaining good relationships with suppliers. Conversely, a higher number of days of payables could indicate that the company is taking longer to pay its suppliers, potentially signaling cash flow issues or a deliberate strategy to manage working capital.
Overall, the recent decrease in the number of days of payables for Vishay Intertechnology, Inc. from 2021 to 2023 is a positive sign, indicating effective management of the company's payables.
Peer comparison
Dec 31, 2023