Medtronic PLC (MDT)

Payables turnover

		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	Apr 30, 2022
Cost of revenue (ttm)	US$ in thousands	12,320,000	16,266,000	16,102,000	18,828,000	18,197,000	17,435,000	17,281,000	17,113,000	17,332,000	17,653,000	17,714,000	17,792,000	17,347,000	16,636,000	16,867,000	16,619,000	17,084,000	17,942,000	17,481,000	17,342,000
Payables	US$ in thousands	—	—	—	—	2,410,000	—	1,992,000	—	2,174,000	—	2,239,000	—	2,662,000	—	2,209,000	—	2,198,000	—	2,180,000	—
Payables turnover		—	—	—	—	7.55	—	8.68	—	7.97	—	7.91	—	6.52	—	7.64	—	7.77	—	8.02	—

January 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $12,320,000K ÷ $—K
= —

The payables turnover ratio for Medtronic PLC fluctuated over the periods provided. The ratio indicates how efficiently the company is managing its accounts payable. A higher turnover ratio suggests that the company is paying its suppliers more frequently.

- In July 2022, the payables turnover was 8.02, indicating that Medtronic paid its suppliers approximately 8 times during that period.
- The ratio decreased to 6.52 in April 2023, implying a decrease in the frequency of paying suppliers.
- There was a notable increase in the ratio to 8.68 in January 2024, suggesting that Medtronic increased its pace of paying suppliers.
- The ratio dipped to 7.55 in April 2024, and information beyond this date is unavailable in the data provided.

Overall, fluctuations in the payables turnover ratio can be influenced by various factors such as changes in payment terms, supplier relationships, and overall business operations. It is crucial for Medtronic to monitor this ratio to ensure effective management of its accounts payable and maintain good supplier relations.