NetApp Inc (NTAP)
Number of days of payables
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 8.28 | — | 11.83 | — | |
| Number of days of payables | days | — | 44.09 | — | 30.86 | — |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for NetApp Inc fluctuated over the period analyzed. As of April 28, 2023, the company took approximately 30.86 days, on average, to pay its suppliers. This indicates a moderate efficiency in managing its accounts payable. However, by April 26, 2024, this number increased to around 44.09 days, suggesting a potential delay in settling its payables. It should be noted that there were instances where data was not available ("— days"), making it difficult to fully assess the company's payment practices during those periods. Overall, monitoring the trend in the number of days of payables can provide insights into NetApp Inc's liquidity management and relationships with suppliers.
Peer comparison
Apr 30, 2024