NetApp Inc (NTAP)
Number of days of payables
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.09 | 10.56 | 10.50 | 12.97 | 11.60 | 10.77 | 7.88 | 8.76 | 7.25 | 9.91 | 9.74 | 11.35 | 9.80 | 9.05 | 8.07 | 7.17 | 6.63 | 10.37 | 10.68 | 12.06 | |
| Number of days of payables | days | 45.13 | 34.57 | 34.75 | 28.14 | 31.47 | 33.88 | 46.35 | 41.68 | 50.35 | 36.84 | 37.49 | 32.16 | 37.25 | 40.32 | 45.21 | 50.88 | 55.06 | 35.19 | 34.17 | 30.26 |
April 26, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.09
= 45.13
The number of days of payables for NetApp Inc has fluctuated over the past 20 reporting periods, ranging from a low of 28.14 days to a high of 55.06 days. On average, the company takes around 38 days to pay its suppliers. A lower number of days of payables indicates that the company is paying its suppliers more quickly, which could be a sign of good relationships with vendors but also may strain liquidity. Conversely, a higher number of days of payables could suggest that the company is managing its cash flow effectively by delaying payments, potentially benefiting from better terms or investment opportunities. It is important for stakeholders to closely monitor this metric to assess NetApp Inc's efficiency in managing its payables and overall financial health.
Peer comparison
Apr 26, 2024