Medtronic PLC (MDT)

Number of days of payables

		Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Apr 26, 2024	Jan 31, 2024	Jan 26, 2024	Oct 31, 2023	Oct 27, 2023	Jul 31, 2023	Jul 28, 2023	Apr 30, 2023	Apr 28, 2023	Jan 31, 2023	Jan 27, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022
Payables turnover		3.65	5.39	6.85	7.03	7.81	7.55	8.75	8.68	7.87	7.97	7.88	7.91	6.68	6.52	7.53	7.64	7.56	7.77	8.23	8.02
Number of days of payables	days	100.12	67.73	53.32	51.93	46.72	48.34	41.70	42.07	46.37	45.79	46.30	46.14	54.61	56.01	48.47	47.80	48.27	46.96	44.35	45.52

April 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.65
= 100.12

The number of days of payables for Medtronic PLC, as reflected in the provided data, has shown some fluctuations over the periods indicated. The trend demonstrates variations in the efficiency of managing payables within the organization.

Between July 2022 and January 2023, there was a relatively stable range of around 44 to 48 days for payables. However, there was an increase in the number of days of payables in the following months, reaching over 56 days in April 2023. This could indicate a potential delay in payments to creditors during that period.

Subsequently, there was a slight decrease in the number of days of payables in the following quarters until July 2023, where it stabilized around 46 days. However, there were slight fluctuations in the figures for the subsequent periods leading up to April 2024.

In January 2025, there was a significant spike in the number of days of payables to 67.73 days, and a further increase to 100.12 days by April 2025. Such a substantial increase in payables days might signal a potential strain on the company's cash flow or challenges in managing working capital effectively.

Overall, it is important for Medtronic PLC to closely monitor and manage its payables to ensure optimal cash flow management and maintain healthy relationships with its suppliers and vendors. Periodic analysis and adjustments may be necessary to improve efficiency and financial stability.