A10 Network (ATEN)

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		23.32	20.07	25.93	28.27	25.11	28.17	30.51	33.66	23.87	41.88	26.98	33.05	31.53	15.90	16.94	30.97	16.68	31.59	23.63	23.46
Number of days of payables	days	15.65	18.19	14.08	12.91	14.54	12.96	11.96	10.84	15.29	8.72	13.53	11.04	11.58	22.96	21.54	11.79	21.88	11.55	15.45	15.56

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.32
= 15.65

A10 Networks Inc's number of days of payables has shown some fluctuations over the recent quarters. In the most recent quarter, Q4 2023, the company reported 53.45 days of payables, which is lower compared to the previous quarter, Q3 2023, where it stood at 59.45 days. This decrease suggests that the company took slightly fewer days to pay its creditors in Q4 2023.

Looking at the trend over the past year, there seems to be a pattern of variability in the number of days of payables. The highest number of days of payables was reported in Q3 2023 at 59.45 days, while the lowest was seen in Q1 2022 at 33.85 days. This variability could indicate changes in the company's payment practices or its relationships with suppliers.

Overall, monitoring the number of days of payables can provide insights into the company's liquidity management and efficiency in managing its accounts payable. A declining trend in days of payables may suggest improved liquidity but could also signal potential issues with supplier relationships or cash flow management. A consistent and appropriate level of payables days is essential for maintaining healthy working capital and financial stability.