Medtronic PLC (MDT)
Number of days of payables
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 10.13 | — | 8.79 | — | |
| Number of days of payables | days | — | 36.04 | — | 41.53 | — |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Medtronic PLC has shown a fluctuating trend over the past few years. As of April 28, 2023, the number of days of payables was 41.53 days, indicating that the company takes approximately 41.53 days on average to pay its suppliers. This figure decreased to 36.04 days by April 26, 2024, suggesting an improvement in the efficiency of managing payables. However, there were periods where the data was unavailable, denoted by "— days," making it difficult to assess the complete trend. Overall, the trend in the number of days of payables reflects the company's payment practices and liquidity management strategies.
Peer comparison
Apr 30, 2024