Harmonic (Harmonic) Days Payable : 45.87 (As of Dec. 2023)

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What is Harmonic Days Payable?

Harmonic's average Accounts Payable for the three months ended in Dec. 2023 was $42.8 Mil. Harmonic's Cost of Goods Sold for the three months ended in Dec. 2023 was $85.2 Mil. Hence, Harmonic's Days Payable for the three months ended in Dec. 2023 was 45.87.

The historical rank and industry rank for Harmonic's Days Payable or its related term are showing as below:

HLIT' s Days Payable Range Over the Past 10 Years
Min: 31.1 Med: 63.41 Max: 77.87
Current: 60.71

During the past 13 years, Harmonic's highest Days Payable was 77.87. The lowest was 31.10. And the median was 63.41.

HLIT's Days Payable is ranked worse than
57.42% of 2419 companies
in the Hardware industry
Industry Median: 67.83 vs HLIT: 60.71

Harmonic's Days Payable declined from Dec. 2022 (74.47) to Dec. 2023 (45.87). It may suggest that Harmonic accelerated paying its suppliers.

Harmonic Days Payable Historical Data

The historical data trend for Harmonic's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Harmonic Days Payable Chart

Harmonic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.81

64.01

64.89

77.87

65.51

Harmonic Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															74.47	76.17	59.43	58.66	45.87

Competitive Comparison of Harmonic's Days Payable

For the Communication Equipment subindustry, Harmonic's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Harmonic's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Harmonic's Days Payable distribution charts can be found below:

* The bar in red indicates where Harmonic's Days Payable falls into.

Harmonic Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Harmonic's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (67.455	+	38.562)	/	2 )	/	295.362	*	365
=	53.0085					/	295.362	*	365
=	65.51

Harmonic's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (47.123	+	38.562)	/	2 )	/	85.225	*	365 / 4
=	42.8425					/	85.225	*	365 / 4
=	45.87

Harmonic Days Payable Related Terms

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Harmonic (Harmonic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Harmonic Inc (NAS:HLIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HMC:Germany

Address

2590 Orchard Parkway, San Jose, CA, USA, 95131

Website

https://www.harmonicinc.com

Harmonic Inc designs and manufactures video infrastructure products and system solutions to deliver video and broadband services to consumer devices. The firm operates in two segments: Video, which sells video processing, production, and playout solutions to cable operators and satellite and telecommunications providers; and Broadband which sells broadband access solutions and related services. Majority of the revenue generated from the company is from United States.

Executives

Walter Jankovic	officer: Chief Financial Officer	2950 ORCHARD PARKWAY, SAN JOSE CA 95131
Jeremy Rosenberg	officer: Interim CFO & SVP Bus Dev	2590 ORCHARD PARKWAY, SAN JOSE CA 95131
Patrick Harshman	officer: President, BAN Division	2950 ORCHARD PARKWAY, SAN JOSE CA 95131
Nimrod Ben-natan	officer: VP, Solutions & Strategy	2950 ORCHARD PARKWAY, SAN JOSE CA 95131
Neven Haltmayer	officer: Vice President, R&D	549 BALTIC WAY, SUNNYVALE CA 94089
Sanjay Kalra	officer: Chief Financial Officer	HARMONIC INC., 4300 NORTH FIRST STREET, SAN JOSE CA 95134
Ian Graham	officer: SVP, Intl Sales & Video Svcs	2950 ORCHARD PARKWAY, SAN JOSE CA 95131
Sophia Kim	director	2590 ORCHARD PARKWAY, SAN JOSE CA 95131
Nikos Theodosopoulos	director	C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Daniel T Whalen	director	2055 BENJAMIN CIRCLE, WALL NJ 07719
David Krall	director	C/O AVID TECHNOLOGY INC, ONE PARK WEST, TEWKSBURY MA 01876
Eric Louvet	officer: SVP Sales NA & APAC	4300 NORTH FIRST STREET, SAN JOSE CA 95134
Susan Swenson	director	C/O PALM INC, 5470 GREAT AMERICAN PARKWAY MS12116, SANTA CLARA CA 95052
Deborah Clifford	director	4300 NORTH FIRST STREET, SAN JOSE CA 95134
William F Reddersen	director