Hewlett Packard Enterprise Co (HPE)
Number of days of payables
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 0.76 | 0.86 | 1.22 | 1.21 | 1.04 | 0.76 | 0.84 | 1.03 | 0.86 | 0.81 | 1.39 | 1.62 | 1.87 | 1.82 | 1.60 | 1.87 | 1.80 | 1.71 | 2.20 | 2.93 | |
| Number of days of payables | days | 478.71 | 422.01 | 299.04 | 300.98 | 352.59 | 478.88 | 434.54 | 354.44 | 424.50 | 451.51 | 262.05 | 225.35 | 194.68 | 200.53 | 227.74 | 194.76 | 203.02 | 212.86 | 165.76 | 124.76 |
January 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.76
= 478.71
The number of days of payables for Hewlett Packard Enterprise Co has exhibited fluctuations over the past eight quarters. In Q1 2024, the company's number of days of payables stood at 168.32 days, indicating a significant increase from the previous quarter's value of 140.69 days in Q4 2023. This suggests that the company took longer to pay its payables in Q1 2024 compared to the preceding quarter.
Looking further back, the number of days of payables in Q1 2024 also showed a notable increase from Q1 2023, where the value was 124.35 days. This indicates that the company extended its payment period to suppliers and vendors in Q1 2024 compared to the same quarter in the previous year.
Moreover, the number of days of payables in Q1 2024 was higher than the average number of days of payables seen in the preceding quarters (Q4 2022 - Q2 2023). This could imply that Hewlett Packard Enterprise Co may have altered its payment terms or management of payables during Q1 2024.
Overall, the increasing trend in the number of days of payables for the company suggests a potential strategy to manage cash flow or working capital, but further analysis and comparison with industry peers are necessary to fully assess the implications of this trend.
Peer comparison
Jan 31, 2024
See also:
Hewlett Packard Enterprise Co Average Payables Payment Period (Quarterly Data)