Extreme Networks Inc (EXTR)

Number of days of payables

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Payables turnover		18.66	11.91	11.36	12.69	9.90	9.79	10.55	10.41	10.15	12.34	13.94	12.50	12.93	12.90	13.80	13.10	16.96	16.25	13.12	13.17
Number of days of payables	days	19.56	30.66	32.13	28.77	36.86	37.29	34.61	35.06	35.97	29.58	26.18	29.19	28.24	28.29	26.44	27.87	21.53	22.45	27.82	27.71

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.66
= 19.56

The number of days of payables for Extreme Networks Inc has shown variability over the past few quarters.

In the most recent quarter, as of June 30, 2024, the company had an average payable period of 19.56 days, indicating that, on average, it takes approximately 19.56 days for the company to pay its suppliers. This is an improvement compared to the prior quarter, where the number of days of payables was 30.66 days.

Looking at the trend over the past eight quarters, Extreme Networks Inc has generally maintained a relatively stable payable period, with fluctuations between 19.56 days and 37.29 days. However, it is worth noting that the company's payables have generally been on the lower end of the range in recent quarters, which may reflect efficient management of payables and working capital.

Overall, a lower number of days of payables suggests that the company is able to manage its cash flow effectively and may indicate strong supplier relationships or negotiation power. However, it is important to consider the industry norms and the company's specific circumstances when interpreting this metric in isolation.