Apple Inc (AAPL)

Number of days of payables

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Payables turnover		3.43	3.82	3.88	4.29	4.48
Number of days of payables	days	106.45	95.59	94.12	85.07	81.48

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.43
= 106.45

Apple Inc's number of days of payables has shown a slight upward trend over the past five years, indicating that the company takes slightly longer to pay off its trade payables. In the most recent fiscal year ending September 30, 2024, the number of days of payables increased to 106.45 days, up from 95.59 days in the previous year. This suggests that Apple is taking an average of approximately 106 days to settle its trade payables.

Comparing this to previous years, we can see a consistent increase in the number of days of payables, with the trend starting from 81.48 days in September 2020. This may imply that Apple is managing its cash flow by delaying payments to suppliers or is negotiating more favorable payment terms. However, a longer number of days of payables may also indicate potential liquidity concerns or strained supplier relationships if Apple is stretching its payment periods too far.

Overall, the observed increase in Apple's number of days of payables over the past five years warrants further investigation to understand the underlying reasons and implications for the company's financial health and relationships with suppliers.