Qorvo (QRVO) Days Payable

: 37.13 (As of Dec. 2023)

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Qorvo's average Accounts Payable for the three months ended in Dec. 2023 was $279 Mil. Qorvo's Cost of Goods Sold for the three months ended in Dec. 2023 was $686 Mil. Hence, Qorvo's Days Payable for the three months ended in Dec. 2023 was 37.13.

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

QRVO' s Days Payable Range Over the Past 10 Years
Min: 39.18 Med: 44.3 Max: 49.64
Current: 41.98

During the past 11 years, Qorvo's highest Days Payable was 49.64. The lowest was 39.18. And the median was 44.30.

QRVO's Days Payable is ranked worse than
60.81% of 962 companies
in the Semiconductors industry
Industry Median: 51.88 vs QRVO: 41.98

Qorvo's Days Payable declined from Dec. 2022 (52.55) to Dec. 2023 (37.13). It may suggest that Qorvo accelerated paying its suppliers.

Qorvo Days Payable Historical Data

The historical data trend for Qorvo'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.

* Premium members only.

Qorvo Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

43.00

45.71

48.01

49.64

43.26

Qorvo Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																52.55	38.39	54.57	42.33	37.13

Competitive Comparison

For the Semiconductors subindustry, Qorvo'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.

Qorvo Days Payable Distribution

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

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

Qorvo 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.

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

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (327.915	+	210.701)	/	2 )	/	2272.457	*	365
=	269.308					/	2272.457	*	365
=	43.26

Qorvo'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
=	( (275.256	+	282.954)	/	2 )	/	685.983	*	365 / 4
=	279.105					/	685.983	*	365 / 4
=	37.13

Qorvo Days Payable Related Terms

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Qorvo (QRVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Qorvo Inc (NAS:QRVO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2QO:Germany

Address

7628 Thorndike Road, Greensboro, NC, USA, 27409-9421

Website

https://www.qorvo.com

Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

Executives

Steven E Creviston	officer: VP and Pres. Mobile Products
Gina Harrison	officer: VP and Corporate Controller	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Philip Chesley	officer: Pres. Infra & Defense	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Walden C Rhines	director	C/O TRIQUINT SEMICONDUCTOR INC, 2300 NE BROOKWOOD PKWY, HILLSBORO OR 97124
Paul J Fego	officer: VP, Global Operations	15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Frank P. Stewart	officer: SVP, Advanced Cellular	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Roderick Nelson	director	2300 NE BROOKWOOD PARKWAY, HILLSBORO OR 97124
Robert A Bruggeworth	director, officer: President and CEO	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
John R Harding	director	C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043
Grant Brown	officer: SVP & Chief Financial Officer	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Jeffery R Gardner	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202
James L Klein	officer: VP and Pres. Infra. & Defense	2300NE BROOKWOOD PKWY, HILLSBORO OR 97124
Susan Louise Spradley	director	C/O NORTEL NETWORKS, 8200 DIXIE ROAD STE 100, BRAMPTON ONTARIO A6 L6T 5PT
Walter H Wilkinson	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Mark J. Murphy	officer: Chief Financial Officer	DELPHI AUTOMOTIVE PLC, 5725 DELPHI DRIVE, TROY MI 48098