Lumentum Holdings (Lumentum Holdings) Days Payable : 44.84 (As of Dec. 2023)

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What is Lumentum Holdings Days Payable?

Lumentum Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $149 Mil. Lumentum Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $303 Mil. Hence, Lumentum Holdings's Days Payable for the three months ended in Dec. 2023 was 44.84.

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

LITE' s Days Payable Range Over the Past 10 Years
Min: 45.75 Med: 52.45 Max: 62.24
Current: 58.02

During the past 12 years, Lumentum Holdings's highest Days Payable was 62.24. The lowest was 45.75. And the median was 52.45.

LITE's Days Payable is ranked worse than
59.78% of 2419 companies
in the Hardware industry
Industry Median: 67.83 vs LITE: 58.02

Lumentum Holdings's Days Payable declined from Dec. 2022 (55.23) to Dec. 2023 (44.84). It may suggest that Lumentum Holdings accelerated paying its suppliers.

Lumentum Holdings Days Payable Historical Data

The historical data trend for Lumentum Holdings'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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Lumentum Holdings Days Payable Chart

Lumentum Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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46.02

55.30

50.91

54.04

49.68

Lumentum Holdings 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															55.23	67.97	59.72	57.58	44.84

Competitive Comparison of Lumentum Holdings's Days Payable

For the Communication Equipment subindustry, Lumentum Holdings'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.

Lumentum Holdings's Days Payable Distribution in the Hardware Industry

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

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

Lumentum Holdings 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.

Lumentum Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (156.7	+	169.4)	/	2 )	/	1198	*	365
=	163.05					/	1198	*	365
=	49.68

Lumentum Holdings'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
=	( (134.6	+	163)	/	2 )	/	302.8	*	365 / 4
=	148.8					/	302.8	*	365 / 4
=	44.84

Lumentum Holdings Days Payable Related Terms

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Lumentum Holdings (Lumentum Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lumentum Holdings Inc (NAS:LITE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LU2:Germany LU2:Germany

Address

1001 Ridder Park Drive, San Jose, CA, USA, 95131

Website

https://www.lumentum.com

Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are OpComms and Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.

Executives

Julia Suzanne Johnson	director	1001 RIDDER PARK STREET, SAN JOSE CA 95131
Yuen Wupen	officer: See Remarks	2911 ZANKER ROAD, SAN JOSE CA 95134
Wajid Ali	officer: EVP & Chief Financial Officer	400 N MCCARTHY BLVD, MILPITAS CA 95035
Pamela Fletcher	director	C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Matthew Joseph Sepe	officer: Chief Accounting Officer	400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
Brian Lillie	director	1485 BROOKMILL ROAD, LOS ALTOS CA 94024
Alan S Lowe	director, officer: Chief Executive Officer	400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
Judy G Hamel	officer: SVP, GC and Secretary	400 MCCARTHY BLVD, MILPITAS CA 95035
Penny Herscher	director	1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Isaac Hosojiro Harris	director	310 W 113TH ST # 801, NEW YORK NY 10026-3389
Vincent Retort	officer: EVP, Chief Operating Officer	400 MCCARTHY BLVD, MILPITAS CA 95035
Harold L Covert	director	400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
Jason Reinhardt	officer: EVP, Global Sales	400 N. MCCARTHY BLVD, MILPITAS CA 95035
Janet S. Wong	director	2510 LAKE FRONT CIRCLE, THE WOODLANDS TX 77380-1576
Samuel F Thomas	director	400 N MCCARTHY BLVD, MILPITAS CA 95035