Tower Semiconductor (Tower Semiconductor) Days Payable : 41.90 (As of Dec. 2023)

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What is Tower Semiconductor Days Payable?

Tower Semiconductor's average Accounts Payable for the three months ended in Dec. 2023 was $123 Mil. Tower Semiconductor's Cost of Goods Sold for the three months ended in Dec. 2023 was $267 Mil. Hence, Tower Semiconductor's Days Payable for the three months ended in Dec. 2023 was 41.90.

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

TSEM' s Days Payable Range Over the Past 10 Years
Min: 27.19 Med: 38.81 Max: 50.66
Current: 50.66

During the past 13 years, Tower Semiconductor's highest Days Payable was 50.66. The lowest was 27.19. And the median was 38.81.

TSEM's Days Payable is ranked worse than
51.35% of 962 companies
in the Semiconductors industry
Industry Median: 51.77 vs TSEM: 50.66

Tower Semiconductor's Days Payable declined from Dec. 2022 (48.32) to Dec. 2023 (41.90). It may suggest that Tower Semiconductor accelerated paying its suppliers.

Tower Semiconductor Days Payable Historical Data

The historical data trend for Tower Semiconductor'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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Tower Semiconductor Days Payable Chart

Tower Semiconductor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.62

38.21

27.19

34.60

49.51

Tower Semiconductor 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															48.32	60.03	58.24	43.87	41.90

Competitive Comparison of Tower Semiconductor's Days Payable

For the Semiconductors subindustry, Tower Semiconductor'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.

Tower Semiconductor's Days Payable Distribution in the Semiconductors Industry

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

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

Tower Semiconductor 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.

Tower Semiconductor'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
=	( (150.93	+	139.128)	/	2 )	/	1069.161	*	365
=	145.029					/	1069.161	*	365
=	49.51

Tower Semiconductor'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
=	( (106.362	+	139.128)	/	2 )	/	267.294	*	365 / 4
=	122.745					/	267.294	*	365 / 4
=	41.90

Tower Semiconductor Days Payable Related Terms

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Tower Semiconductor (Tower Semiconductor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tower Semiconductor Ltd (NAS:TSEM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TSEM:Israel TOW:Germany

Address

20 Shaul Amor Avenue, P.O. Box 619, Ramat Gavriel Industrial Park, Migdal Haemek, ISR, 2310502

Website

https://www.towersemi.com

Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs), based on the design specifications of customers. The company's line of integrated circuits is incorporated into a variety of products and markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. Tower produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. As a complement to its technology offerings, Tower offers services that enable a quick and accurate design cycle. To further assist customers with design and technical support, an integrated team helps clients through the manufacturing cycle.