NetApp Inc (NTAP)
Number of days of payables
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.28 | 11.83 | 7.37 | 9.99 | 9.04 | |
| Number of days of payables | days | 44.09 | 30.86 | 49.52 | 36.54 | 40.38 |
April 26, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.28
= 44.09
The number of days of payables for NetApp Inc has varied over the past five years, as follows:
- On April 26, 2024, the days of payables stood at 44.09 days, indicating that, on average, it took the company about 44 days to pay off its suppliers.
- On April 28, 2023, the days of payables decreased to 30.86 days, suggesting that the company managed to reduce the time it takes to settle its payables.
- On April 29, 2022, the number of days of payables increased to 49.52 days, indicating a lengthening of the payment period, potentially signaling a strain on liquidity.
- On April 30, 2021, the days of payables were 36.54 days, showing a moderate improvement in efficiency compared to the previous year.
- On April 24, 2020, the number of days of payables was 40.38 days, suggesting a slight increase in the time taken to pay off suppliers compared to the previous year.
Overall, the trend in the number of days of payables for NetApp Inc has shown some fluctuations over the years, indicating changes in the company's payment practices and potentially reflecting its liquidity management strategies in response to varying business conditions.
Peer comparison
Apr 26, 2024