Apple Inc (AAPL)

Number of days of payables

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		3.43	4.92	5.09	4.08	3.82	5.19	5.68	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
Number of days of payables	days	106.45	74.18	71.66	89.49	95.59	70.34	64.22	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

September 30, 2024 calculation

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

The number of days of payables for Apple Inc has shown some fluctuations over the past several quarters. As of September 30, 2024, the number of days of payables stood at 106.45 days, indicating that, on average, it takes the company around 106.45 days to pay off its creditors. This figure has increased compared to the previous quarter's 74.18 days, suggesting a slower payment cycle.

Looking back over the past few quarters, there has been variability in the number of days of payables, with values ranging from a low of 63.96 days to a high of 116.28 days. This variability may indicate shifts in Apple's payment practices and relationships with suppliers and vendors.

Analyzing the trend, it is important to note that a longer number of days of payables can sometimes signal liquidity challenges or strained relationships with suppliers, as the company may be taking longer to settle its obligations. Conversely, a shorter number of days of payables could indicate efficient management of working capital.

Overall, while the recent increase in the number of days of payables for Apple Inc warrants monitoring, a more extensive analysis of the company's financial health and strategy would be needed to provide a comprehensive assessment of its payment practices and financial performance.