A10 Network (ATEN)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	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
Payables turnover		13.31	21.78	32.36	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
Number of days of payables	days	27.43	16.76	11.28	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

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.31
= 27.43

The number of days of payables for A10 Network has shown fluctuations over the reporting periods from December 31, 2019, to December 31, 2024. The trend indicates variability in the company's ability to pay its suppliers within a certain timeframe.

The number of days of payables started at 21.88 days on December 31, 2019, decreased to 11.79 days by March 31, 2020, and fluctuated between 11 to 22 days until September 30, 2020. Subsequently, the metric decreased to 11.58 days by December 31, 2020, and generally remained low between 8.72 to 15.29 days up to December 31, 2021.

There was a slight increase to 18.19 days by September 30, 2023, before declining to 11.28 days by March 31, 2024. However, the number of days of payables rose significantly to 27.43 days by December 31, 2024, indicating a potential extension in the company's payment period to its suppliers.

This metric is important as it reflects how long A10 Network takes to pay its accounts payable. A decreasing trend may suggest a more efficient use of working capital, while an increasing trend could indicate potential liquidity issues or changes in payment terms with suppliers. It is recommended to continue monitoring this metric to understand the company's financial health and operational efficiency.