Medtronic PLC (MDT)

Number of days of payables

		Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	Apr 24, 2020	Jan 24, 2020	Oct 25, 2019	Jul 26, 2019
Payables turnover		10.12	12.02	10.97	10.48	8.75	10.61	10.49	10.56	10.11	11.24	11.72	12.16	10.66	12.03	11.39	12.45	10.72	11.21	11.05	11.26
Number of days of payables	days	36.08	30.37	33.28	34.84	41.72	34.41	34.81	34.57	36.11	32.48	31.15	30.01	34.24	30.33	32.04	29.33	34.05	32.55	33.05	32.40

April 26, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.12
= 36.08

The number of days of payables for Medtronic PLC has been relatively stable over the past few quarters, ranging from a low of 29.33 days to a high of 41.72 days. This metric indicates that, on average, it takes the company approximately 30 to 40 days to pay its suppliers and vendors. A lower number of days of payables suggests that the company is able to settle its obligations more quickly, potentially indicating strong cash flow and efficient working capital management. On the other hand, a higher number of days of payables may signify that the company is utilizing its suppliers' credit terms effectively or experiencing delays in payments. Overall, consistent monitoring of this ratio is essential to understand the efficiency of the company's payables management and its overall financial health.