NetApp Inc (NTAP)
Number of days of payables
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.83 | 3.55 | 8.28 | 5.49 | 11.83 | |
| Number of days of payables | days | 95.21 | 102.84 | 44.09 | 66.46 | 30.86 |
April 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.83
= 95.21
To analyze NetApp Inc's number of days of payables based on the data provided, we observe the following trends:
1. The number of days of payables gradually increased from 30.86 days on April 28, 2023, to a peak of 102.84 days on April 30, 2024. This indicates that NetApp Inc took longer to pay its creditors during this period.
2. Subsequently, there was a slight decrease in the number of days of payables to 95.21 days on April 30, 2025. Although the days decreased compared to the previous year, they remained significantly higher than the initial value.
3. Overall, NetApp Inc's number of days of payables fluctuated over the years, showing a mix of shorter and longer payment cycles. A higher number of days of payables may suggest that the company is taking longer to settle its outstanding obligations, potentially impacting its working capital management.
In conclusion, the trend in NetApp Inc's number of days of payables indicates variations in its payment practices and liquidity management over the analyzed period.
Peer comparison
Apr 30, 2025