A10 Network (ATEN)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		22.90	25.11	23.86	31.15	22.30
Number of days of payables	days	15.94	14.54	15.30	11.72	16.37

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.90
= 15.94

The number of days of payables for A10 Networks Inc has displayed variability over the past five years. As of December 31, 2023, the company took approximately 53.45 days to pay its payables, representing an increase from the previous year. This increase suggests a potential lengthening of the company's payment cycle or a slower settlement of outstanding obligations to its suppliers.

Comparing this figure to historical data, the trend reveals fluctuations in the number of days of payables. In 2022, the number of days was lower at 43.19 days, indicating a more efficient management of payables relative to 2023. However, in 2021 and 2019, the company took longer to pay its payables with 46.74 days and 56.69 days, respectively. Notably, the company managed its payables more efficiently in 2020 with only 35.31 days required to settle obligations.

The analysis of the number of days of payables provides insights into the company's liquidity management, operational efficiency, and relationships with suppliers. A higher number of days of payables may indicate a more conservative approach to managing cash flow, while a lower number could suggest aggressive payment practices. It is important for stakeholders to monitor changes in this metric to assess the company's financial health and vendor relationships.