F5 Networks Inc (FFIV)

Payables turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cost of revenue	US$ in thousands	1,691,810	1,832,870	1,791,260	1,786,160	1,561,500
Payables	US$ in thousands	67,894	63,315	113,178	62,096	64,472
Payables turnover		24.92	28.95	15.83	28.76	24.22

September 30, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $1,691,810K ÷ $67,894K
= 24.92

The payables turnover ratio for F5 Networks Inc has fluctuated over the past five years, indicating the company's efficiency in managing its accounts payable. In particular, the ratio was 24.92 in 2024, 28.95 in 2023, 15.83 in 2022, 28.76 in 2021, and 24.22 in 2020.

A higher payables turnover ratio suggests that the company is paying off its suppliers more frequently within the given period. This can be seen as a positive sign, indicating strong liquidity and potentially good relationships with suppliers. On the other hand, a lower payables turnover ratio may indicate that the company is taking longer to pay off its suppliers, which could lead to strained supplier relationships or cash flow management issues.

Overall, the trend in F5 Networks Inc's payables turnover ratio shows variability, and further analysis would be needed to understand the underlying reasons for these fluctuations and their implications for the company's financial performance and efficiency in managing its payables.