Micron Technology Inc (MU)
Number of days of payables
| Aug 31, 2024 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 6.87 | — | 6.92 | — | |
| Number of days of payables | days | — | 53.11 | — | 52.73 | — |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Micron Technology Inc ranged between 52.73 days and 53.11 days during the periods mentioned. This metric reflects the average number of days a company takes to pay its suppliers or vendors for goods or services received. A higher number of days of payables may indicate that the company is taking longer to settle its payables, potentially improving cash flow and working capital management. However, it could also suggest strained relationships with suppliers if payment terms are being stretched beyond industry norms. On the other hand, a lower number of days of payables may imply efficient management of accounts payable but could also indicate potential liquidity issues. It is important to consider industry benchmarks and trends over time when analyzing this ratio.
Peer comparison
Aug 31, 2024