Applied Materials Inc (AMAT)

Number of days of payables

		Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020
Payables turnover		10.49	11.01	8.93	9.46	9.77
Number of days of payables	days	34.80	33.15	40.88	38.57	37.37

October 27, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.49
= 34.80

The number of days of payables for Applied Materials Inc has fluctuated over the past five years. In the most recent fiscal year ending on October 27, 2024, the company's number of days of payables was 34.80 days, indicating that, on average, it takes Applied Materials approximately 34.80 days to pay off its creditors.

Comparing this to the prior years, we see that in fiscal year 2023, the number of days of payables was slightly lower at 33.15 days. In fiscal year 2022, it increased to 40.88 days, indicating a longer time to pay off creditors compared to the previous year. In fiscal year 2021, the number of days of payables was 38.57 days, slightly lower than the preceding year. In the oldest data available, in fiscal year 2020, the number of days of payables was 37.37 days.

Overall, the trend in the number of days of payables for Applied Materials Inc has shown some variation over the years, with fluctuations in the time it takes the company to settle its payables. This ratio can provide insights into the company's liquidity, supplier relationships, and cash management practices.