Apple Inc (AAPL)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.82 | 3.88 | 4.29 | 4.48 | 3.89 | |
| Number of days of payables | days | 95.59 | 94.12 | 85.07 | 81.48 | 93.74 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.82
= 95.59
The number of days of payables for Apple Inc has shown a fluctuating trend over the past five years. As of September 30, 2023, the company had an average payable period of 106.72 days, which reflects an increase compared to the previous year. This suggests that Apple is taking slightly longer to pay its suppliers and vendors. However, in the preceding year, the number of days of payables was at 104.69 days, indicating a similar trend of extended payment periods. On the other hand, in September 2021, the figure was 93.85 days, showing a decrease from the previous year, but still higher than the level of payables in 2020. Notably, in September 2020, the number of days of payables was 91.05 days, signifying a relatively shorter payable period compared to the surrounding years. Furthermore, in 2019, the company had an average payable period of 104.31 days, which was more extended than the period in 2020, but lower than in 2021 and 2022. Overall, the variability in the number of days of payables over the years suggests fluctuations in Apple's payment practices and management of its outstanding liabilities to suppliers.
Peer comparison
Sep 30, 2023