Wolfspeed Inc (WOLF)

Number of days of payables

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Payables turnover		18.43	18.24	20.45	13.91	19.65	18.75	6.09	13.71	12.26	11.18	12.18	14.07	15.91	9.99	9.63	7.41	7.67	9.12	11.63	14.08
Number of days of payables	days	19.80	20.01	17.85	26.25	18.58	19.47	59.93	26.63	29.76	32.66	29.98	25.95	22.94	36.54	37.92	49.23	47.57	40.04	31.38	25.93

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 has varied over the past few quarters. As of June 30, 2024, the company took approximately 19.80 days to pay its suppliers. This figure decreased slightly from the previous quarter, indicating efficient management of payables. However, compared to the same period last year, the number of days of payables has decreased significantly, suggesting a more rapid payment cycle.

Analyzing further back, there have been fluctuations in the number of days of payables over the quarters, with peaks observed in some periods such as December 31, 2022, and March 31, 2021. These peaks could indicate delays in payments to suppliers during those periods which may have been influenced by various factors such as cash flow management or negotiating payment terms.

Overall, monitoring the number of days of payables provides insight into Wolfspeed Inc's liquidity management and relationships with suppliers. A decreasing trend in this ratio may indicate more efficient working capital management, while spikes or prolonged periods suggest potential liquidity challenges or changes in procurement practices that warrant further investigation.