Arista Networks (ANET)

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		6.39	10.08	7.33	7.22	9.18	6.97	6.29	7.64	7.23	10.02	8.83	8.77	8.43	6.61	8.92	13.22	12.40	14.75	12.97	12.03
Number of days of payables	days	57.09	36.21	49.78	50.58	39.76	52.40	58.03	47.77	50.46	36.41	41.31	41.64	43.31	55.24	40.93	27.62	29.43	24.75	28.14	30.34

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 eight quarters. In Q4 2023, the company reported 71.21 days of payables, indicating a longer period compared to the previous quarter where it was 44.71 days. This suggests that Arista Networks Inc took longer to pay off its short-term obligations in Q4 2023. However, when compared to the same quarter last year, there has been an increase in the number of days of payables, showing a potential trend of delayed payments. Overall, the company's payables management may warrant further scrutiny to understand the reasons behind these fluctuations and potential implications for cash flow and liquidity.