F5 Networks Inc (FFIV)

Number of days of payables

		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	Jun 30, 2019	Mar 31, 2019
Payables turnover		29.48	28.89	28.75	26.32	25.21	15.83	24.25	25.66	31.51	28.76	34.48	30.99	27.21	23.53	27.47	25.95	26.21	21.01	22.60	17.75
Number of days of payables	days	12.38	12.63	12.69	13.87	14.48	23.06	15.05	14.22	11.58	12.69	10.59	11.78	13.41	15.51	13.29	14.07	13.93	17.37	16.15	20.57

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.48
= 12.38

The number of days of payables for F5 Inc has been showing a decreasing trend over the last two years, indicating that the company is taking fewer days to pay its suppliers. In Q1 2024, F5 Inc took an average of 38.16 days to pay its payables, which is a slight decrease from the previous quarter. This is a positive sign as it may indicate better management of working capital and stronger supplier relationships. Compared to Q1 2023, where the company took 46.81 days to pay its payables, there has been a significant improvement. F5 Inc's ability to efficiently manage its payables is crucial for maintaining liquidity and financial stability.