Micron Technology Inc (MU)
Number of days of payables
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Aug 29, 2024 | May 31, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | May 31, 2023 | Mar 2, 2023 | Feb 28, 2023 | Dec 1, 2022 | Nov 30, 2022 | Sep 1, 2022 | Aug 31, 2022 | Jun 2, 2022 | May 31, 2022 | Mar 3, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | 6.72 | — | 7.86 | — | — | — | — | — | — | — | — | — | 6.81 | — | — | — | — | |
| Number of days of payables | days | — | — | — | 54.29 | — | 46.44 | — | — | — | — | — | — | — | — | — | 53.56 | — | — | — | — |
February 28, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Micron Technology Inc has varied over the period indicated in the data provided. As of September 1, 2022, the company's payables were being settled in approximately 53.56 days on average. This suggests that Micron was taking just over 53 days on average to pay off its accounts payable obligations.
Looking ahead, on May 30, 2024, the number of days of payables had decreased to 46.44 days, indicating that Micron was managing its payables more efficiently by settling its obligations in fewer days compared to the previous period.
Furthermore, on August 29, 2024, the number of days of payables increased to 54.29 days, suggesting a slight elongation in the time taken by Micron to pay off its accounts payable obligations.
It is important to monitor changes in the number of days of payables as it can indicate the company's liquidity, cash flow management, and relationships with suppliers. An increase in the number of days of payables may signal potential cash flow issues, while a decrease may reflect improved working capital management.
Peer comparison
Feb 28, 2025
See also:
Micron Technology Inc Average Payables Payment Period (Quarterly Data)