Ciena Corp (CIEN)
Number of days of payables
| Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.42 | 7.89 | 4.02 | 5.33 | 6.44 | |
| Number of days of payables | days | 67.33 | 46.26 | 90.89 | 68.47 | 56.69 |
November 2, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.42
= 67.33
The number of days of payables for Ciena Corp has shown some fluctuations over the past five years. In the most recent fiscal year, ending on November 2, 2024, the number of days of payables stood at 67.33 days, indicating that on average, it takes Ciena Corp approximately 67 days to pay off its trade payables.
Compared to the previous year, there has been an increase in the number of days of payables, suggesting that Ciena Corp took longer to settle its payables in the latest fiscal period. In the fiscal year ending on October 28, 2023, the number of days of payables was 46.26 days.
Looking back further, Ciena Corp's number of days of payables was notably high in the fiscal year ending on October 29, 2022, at 90.89 days. This indicates that the company took almost three months on average to pay off its trade payables during that period.
In the fiscal years ending on October 30, 2021, and October 31, 2020, Ciena Corp's number of days of payables were 68.47 days and 56.69 days, respectively, showing variations in the time taken to settle payables over those years.
Overall, a higher number of days of payables may indicate that Ciena Corp is taking longer to pay its suppliers, potentially benefiting from extended credit terms or facing difficulties in managing its cash flows efficiently. It is essential to monitor this ratio over time to assess the company's liquidity position and ability to meet its financial obligations promptly.
Peer comparison
Nov 2, 2024