Arista Networks (ANET)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		6.39	9.29	7.23	8.61	12.55
Number of days of payables	days	57.09	39.31	50.46	42.41	29.09

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.39
= 57.09

Arista Networks Inc's number of days of payables has been fluctuating over the past five years. The trend indicates an increase from 38.80 days in 2019 to 71.21 days in 2023. This suggests that the company is taking longer to pay its suppliers compared to previous years. The increase in days of payables can be an indication of a potential liquidity issue or a deliberate strategy to manage cash flow efficiently. Further analysis is needed to understand the factors driving this change and its implications for Arista Networks Inc's financial performance and relationship with its suppliers.