F5 Networks Inc (FFIV)

Number of days of payables

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Payables turnover		24.92	31.19	30.06	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
Number of days of payables	days	14.65	11.70	12.14	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

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 varied over the past few quarters, ranging from 10.59 days to 23.06 days. A lower number of days of payables indicates that the company is taking fewer days to pay its suppliers, which could be a sign of strong liquidity or efficient cash management.

In the most recent quarter as of September 30, 2024, F5 Networks Inc had 14.65 days of payables. This shows a slight increase compared to the previous quarter, suggesting that the company may be taking slightly longer to pay its suppliers.

Overall, monitoring the number of days of payables can provide insights into the company's relationships with its suppliers, its cash flow management, and its working capital efficiency. It is important to analyze this ratio in conjunction with other financial metrics to get a comprehensive view of the company's financial health.