Flex (FLEX) Days Payable

: 77.82 (As of Dec. 2023)

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Flex's average Accounts Payable for the three months ended in Dec. 2023 was $5,510 Mil. Flex's Cost of Goods Sold for the three months ended in Dec. 2023 was $6,461 Mil. Hence, Flex's Days Payable for the three months ended in Dec. 2023 was 77.82.

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

FLEX' s Days Payable Range Over the Past 10 Years
Min: 62.54 Med: 74.72 Max: 87.06
Current: 79.86

During the past 13 years, Flex's highest Days Payable was 87.06. The lowest was 62.54. And the median was 74.72.

FLEX's Days Payable is ranked better than
59.43% of 2418 companies
in the Hardware industry
Industry Median: 67.985 vs FLEX: 79.86

Flex's Days Payable declined from Dec. 2022 (85.54) to Dec. 2023 (77.82). It may suggest that Flex accelerated paying its suppliers.

Flex Days Payable Historical Data

The historical data trend for Flex'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.

Flex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

75.90

81.83

84.23

87.06

79.18

Flex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																85.54	82.80	79.91	77.88	77.82

Competitive Comparison

For the Electronic Components subindustry, Flex'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.

Flex Days Payable Distribution

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

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

Flex 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.

Flex'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
=	( (6254	+	5930)	/	2 )	/	28081	*	365
=	6092					/	28081	*	365
=	79.18

Flex'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
=	( (5728	+	5292)	/	2 )	/	6461	*	365 / 4
=	5510					/	6461	*	365 / 4
=	77.82

Flex Days Payable Related Terms

Thank you for viewing the detailed overview of Flex's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Flex (FLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flex Ltd (NAS:FLEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FLEX:Mexico FXI:Germany FXI:Germany

Address

2 Changi South Lane, Singapore, SGP, 486123

Website

https://www.flex.com

Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.

Executives

Erin Mcsweeney	director	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
David Scott Offer	officer: EVP, General Counsel	6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Paul Lundstrom	officer: Chief Financial Officer	222 N. SEPULVEDA BLVD., SUITE 500, EL SEGUNDO CA 90245
Revathi Advaithi	director, officer: Chief Executive Officer	EATON HOUSE, 30 PEMBROKE ROAD, DUBLIN 4 L2 -
Kwang Hooi Tan	officer: Group President	6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Michael P Hartung	officer: President, Agility Solutions	6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Daniel Wendler	officer: Chief Accounting Officer	6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Rebecca Sidelinger	officer: Group President	6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Stevens Charles K. Iii	director	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Maryrose Sylvester	director	C/O 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Pat Ward	director	500 JACKSON STREET, COLUMBUS IN 47201
Francois Barbier	officer: President, Global Operations	ONE MARINA BOULEVARD, #28-00, SINGAPORE U0 018989
David P Bennett	officer: Chief Accounting Officer	3616 NICOLE AVE, PLEASANTON CA 94588
Todd Fruchterman	officer: Pres, Reliability Solutions	C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
John D Harris	director	C/O FLEXTRONICS INTERNATIONAL USA, INC., 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002