Wolfspeed Inc (WOLF)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 18.43 | 19.64 | 12.26 | 12.55 | 8.20 | |
| Number of days of payables | days | 19.80 | 18.58 | 29.76 | 29.09 | 44.50 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.43
= 19.80
Wolfspeed Inc's number of days of payables have exhibited a fluctuating trend over the past five years. As of June 30, 2024, the company took approximately 19.80 days to pay its outstanding payables on average. This represents a slight increase compared to the previous year, indicating a potential slowing down in the payment cycle.
In comparison to the data from June 30, 2020, where the company took 44.50 days to pay its payables, there has been a significant improvement in the efficiency of managing payables. However, the figures from 2022 and 2021 show a longer payment cycle, which could imply potential liquidity challenges or changing supplier relationships during those periods.
Overall, the recent decrease in the number of days of payables suggests improved liquidity management or more favorable terms with suppliers, but continued monitoring is essential to ensure efficient working capital management for Wolfspeed Inc.
Peer comparison
Jun 30, 2024