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.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Arista Networks
ANET
57.09
A10 Network
ATEN
15.94
Cisco Systems Inc
CSCO
24.89
Digi International Inc
DGII
32.49
Extreme Networks Inc
EXTR
19.31
F5 Networks Inc
FFIV
12.61
Juniper Networks Inc
JNPR
26.62