Apple Inc (AAPL)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.97 | 3.72 | 5.06 | 5.54 | 4.25 | 3.88 | 5.05 | 4.60 | 3.21 | 4.29 | 5.60 | 5.39 | 3.14 | 4.48 | 5.35 | 5.71 | 4.10 | 3.89 | 5.99 | 5.56 | |
| Number of days of payables | days | 91.90 | 98.14 | 72.18 | 65.90 | 85.96 | 94.12 | 72.33 | 79.31 | 113.87 | 85.07 | 65.23 | 67.70 | 116.28 | 81.48 | 68.28 | 63.96 | 89.12 | 93.74 | 60.89 | 65.60 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.97
= 91.90
The number of days of payables for Apple Inc has shown fluctuations over the past few years. The trend indicates that Apple has been taking longer to pay its suppliers in recent periods. Specifically, for the most recent quarter ending Dec 31, 2023, Apple took approximately 91.90 days to pay its suppliers, which is a decrease compared to the previous quarter but still higher than the historical average. This suggests that Apple is managing its cash flow by extending its payment terms with suppliers.
Looking at the historical data, there have been periods where Apple's number of days of payables have been significantly higher or lower, indicating variations in the company's relationship with suppliers and its cash flow management strategies. It is essential for investors and stakeholders to monitor this metric, as changes in the number of days of payables can provide insights into Apple's working capital management and financial health.
Peer comparison
Dec 31, 2023