Keysight Technologies Inc (KEYS)

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		11.90	11.68	11.86	11.39	10.58	9.70	9.98	10.30	10.96	11.34	13.19	12.97	13.43	13.35	15.38	16.62	14.01	12.42	20.09	19.57
Number of days of payables	days	30.68	31.25	30.77	32.03	34.51	37.61	36.56	35.45	33.32	32.18	27.67	28.15	27.19	27.34	23.73	21.96	26.05	29.38	18.17	18.65

January 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.90
= 30.68

Keysight Technologies Inc's number of days of payables has been relatively stable over the past eight quarters, ranging from a low of 52.80 days in Q3 of 2023 to a high of 64.48 days in Q4 of 2022. The average number of days of payables over this period is approximately 58.10 days.

This stability in the number of days of payables indicates that the company has been consistent in its payment practices to suppliers and vendors. A lower number of days of payables suggests that the company takes less time to settle its outstanding invoices, while a higher number of days indicates that it takes longer to pay its obligations.

It is important to note that a longer number of days of payables can sometimes be indicative of financial stress or liquidity issues, as the company may be stretching out its payments to manage its cash flow. Conversely, a shorter number of days of payables may indicate efficient cash management practices or strong supplier relationships.

Overall, monitoring Keysight Technologies Inc's trend in days of payables can provide insights into the company's working capital management and financial health.