F5 Networks Inc (FFIV)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 24.92 | 28.95 | 15.83 | 28.76 | 24.22 | |
| Number of days of payables | days | 14.65 | 12.61 | 23.06 | 12.69 | 15.07 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 24.92
= 14.65
The number of days of payables for F5 Networks Inc has exhibited fluctuation over the past five years. In 2024, the company took an average of 14.65 days to pay its suppliers, which was an increase compared to the previous year when it took 12.61 days. In 2022, there was a significant increase in the number of days of payables to 23.06 days compared to 12.69 days in 2021. However, in 2020, the number of days to payables decreased to 15.07 days.
This variability in the number of days of payables reflects changing payment practices and relationships with suppliers. A decreasing trend in the number of days of payables may indicate a more favorable position for the company as it can retain cash for a longer period before settling its obligations. Conversely, an increasing trend could signal potential liquidity issues or strained relationships with suppliers.
It is important for stakeholders to monitor this metric to understand how efficiently the company manages its working capital and cash flow, as well as to assess its financial health and management of supplier relationships.
Peer comparison
Sep 30, 2024