Cisco Systems Inc (CSCO)
Number of days of payables
| Jul 31, 2024 | Jul 27, 2024 | Jul 31, 2023 | Jul 29, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 14.66 | — | 14.88 | — | |
| Number of days of payables | days | — | 24.89 | — | 24.54 | — |
July 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Based on the data provided, the number of days of payables for Cisco Systems Inc fluctuated over the period, with the number of days ranging between 24.54 days and 24.89 days. The values for July 31, 2022, July 31, 2023, and July 31, 2024 are not available ("— days").
A lower number of days of payables indicates that the company takes less time to pay off its trade payables, which could signify efficient management of its payables. On the other hand, a higher number of days of payables may suggest that the company is taking longer to settle its outstanding obligations, potentially affecting its liquidity position. It would be beneficial to monitor this ratio over time to assess any trends or changes in Cisco Systems Inc's payables management.
Peer comparison
Jul 31, 2024