Hewlett Packard Enterprise Co (HPE)
Number of days of payables
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.55 | 0.87 | 0.77 | 0.81 | 1.20 | |
| Number of days of payables | days | 665.85 | 420.44 | 476.37 | 448.27 | 305.00 |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.55
= 665.85
Hewlett Packard Enterprise Co's number of days of payables has shown a fluctuating trend over the past five years. The number of days of payables increased from 305.00 days in 2020 to 448.27 days in 2021, indicating that the company took longer to pay its suppliers. However, in the following years, the number of days of payables decreased, reaching 420.44 days in 2023 and 476.37 days in 2022. Notably, in the most recent year, the number of days of payables increased significantly to 665.85 days, suggesting a potential deterioration in the company's ability to manage its accounts payable efficiently. This trend may raise concerns about the company's liquidity position and its relationships with suppliers. Further analysis and comparison with industry benchmarks would be necessary to assess the implications of these changes in the number of days of payables for Hewlett Packard Enterprise Co.
Peer comparison
Oct 31, 2024
See also:
Hewlett Packard Enterprise Co Average Payables Payment Period