Micron Technology Inc (MU)

Number of days of payables

		Aug 29, 2024	May 30, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Jun 1, 2023	Mar 2, 2023	Dec 1, 2022	Sep 1, 2022	Jun 2, 2022	Mar 3, 2022	Dec 2, 2021	Sep 2, 2021	Jun 3, 2021	Mar 4, 2021	Dec 3, 2020	Sep 3, 2020	May 28, 2020	Feb 27, 2020	Nov 28, 2019
Payables turnover		6.86	6.35	8.44	9.75	8.66	—	—	—	6.91	—	—	—	8.98	—	—	—	6.81	6.20	6.45	6.70
Number of days of payables	days	53.21	57.51	43.26	37.42	42.13	—	—	—	52.85	—	—	—	40.64	—	—	—	53.63	58.84	56.59	54.50

August 29, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.86
= 53.21

The number of days of payables for Micron Technology Inc has shown fluctuations over the past few quarters. As of August 29, 2024, the company's number of days of payables stood at 53.21 days, indicating that, on average, it takes approximately 53 days for the company to pay its suppliers.

Comparing this figure to the previous quarters, we observe variability in the trend. In May 30, 2024, the number of days of payables increased to 57.51 days from the previous quarter, suggesting a potential delay in settling payables. However, in February 29, 2024, the number decreased to 43.26 days, indicating a more efficient payment process during that period.

Looking further back, the number of days of payables on November 30, 2023, was 37.42 days, demonstrating a shorter payment cycle compared to more recent quarters. On September 1, 2022, the company had 52.85 days of payables, signifying a lengthening of the payment cycle compared to February 29, 2024.

Overall, monitoring the number of days of payables can provide insights into Micron Technology Inc's management of its trade credit and liquidity position, as well as its relationships with suppliers. It is crucial for investors and analysts to track these trends to assess the company's financial health and operational efficiency.