Medtronic PLC (MDT)
Number of days of payables
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.13 | 8.79 | 10.11 | 10.64 | 10.70 | |
| Number of days of payables | days | 36.04 | 41.53 | 36.11 | 34.30 | 34.11 |
April 26, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.13
= 36.04
The number of days of payables for Medtronic PLC has fluctuated over the past five years. As of April 26, 2024, the company takes approximately 36.04 days to pay its suppliers and vendors, which is a slight decrease from the previous year's 41.53 days. Compared to three years ago, the number of days of payables has remained relatively consistent. However, it is worth noting that this metric has increased slightly compared to two years ago. This indicates that Medtronic PLC may be taking slightly longer to settle its payables, which could have implications for its working capital management and supplier relationships.
Peer comparison
Apr 26, 2024