Extreme Networks Inc (EXTR)

Number of days of payables

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 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
Payables turnover		6.74	9.67	8.42	6.84	9.53	6.10	6.19	7.09	5.59	5.55	5.97	5.91	5.72	6.94	7.75	6.87	7.05	7.04	7.37	6.94
Number of days of payables	days	54.16	37.74	43.35	53.38	38.29	59.82	58.98	51.51	65.26	65.81	61.10	61.78	63.82	52.60	47.11	53.12	51.74	51.87	49.50	52.57

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.74
= 54.16

The analysis of Extreme Networks Inc.'s days of payables over the observed periods reveals significant fluctuations and trends. Initially, the company's payables days hovered around the high 50s to low 60s, with notable peaks and troughs. Specifically, the period ending September 30, 2020, recorded 52.57 days, which decreased slightly to 49.50 days by December 31, 2020. In the subsequent quarters, the number of days of payables fluctuated within a narrow range, generally staying in the low 50s, with a slight increase to 53.12 days as of September 30, 2021, and then decreasing again to 47.11 days by December 31, 2021.

In early 2022, the payable period stabilized around the low 50s but then experienced a noticeable upward trend starting in the second quarter, reaching a high of 63.82 days as of June 30, 2022. This upward movement persisted into the third quarter, with payables days at 61.78 days, maintaining a relatively high level through the end of 2022, with 61.10 days reported at December 31, 2022. Moving into 2023, the days of payables displayed further increase, reaching a peak of 65.81 days on March 31, 2023, indicating a lengthening of the company’s payment cycle to suppliers.

Subsequently, the figure remained elevated but showed some fluctuation, with a slight decrease to 65.26 days by June 30, 2023. Notably, a significant reduction occurred in the third quarter of 2024, with the days of payables falling to 38.29 days on June 30, 2024. This decline was followed by a modest increase to 53.38 days by September 30, 2024, and then a decreasing trend to 43.35 days by December 31, 2024. Further data indicate a downward trajectory continuing into early 2025, with the number of days of payables reaching 37.74 days as of March 31, 2025, before rising again to 54.16 days by June 30, 2025.

In summary, the period from 2020 through early 2023 was characterized by relative stability with fluctuations within the 50 to 65 days range. Starting mid-2023, the trend shows a notable decrease, especially in mid-2024, suggesting possible improvements in accounts payable management or changes in payment terms. The latest observations indicate variability but generally lower payable days compared to the peaks seen in 2022 and early 2023.