NetApp Inc (NTAP)
Number of days of payables
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 26, 2024 | Jan 31, 2024 | Jan 26, 2024 | Oct 31, 2023 | Oct 27, 2023 | Jul 31, 2023 | Jul 28, 2023 | Apr 30, 2023 | Apr 28, 2023 | Jan 31, 2023 | Jan 27, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.83 | 4.42 | 4.54 | 5.70 | 5.91 | 5.82 | 7.38 | 7.33 | 7.22 | 7.36 | 9.03 | 9.29 | 8.33 | 8.51 | 7.86 | 7.91 | 5.88 | 5.91 | 6.79 | 6.78 | |
| Number of days of payables | days | 95.21 | 82.59 | 80.34 | 64.03 | 61.81 | 62.76 | 49.47 | 49.79 | 50.53 | 49.62 | 40.40 | 39.27 | 43.80 | 42.88 | 46.42 | 46.13 | 62.11 | 61.77 | 53.72 | 53.80 |
April 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.83
= 95.21
The number of days of payables for NetApp Inc has shown some fluctuations over the periods provided. The company's payables turnover has ranged from 39.27 days to 95.21 days, indicating variations in its payment period to suppliers. A lower number of days of payables suggests that the company is taking less time to pay its suppliers, possibly reflecting a more aggressive approach to managing its cash flow or negotiating favorable payment terms. Conversely, a higher number of days of payables might indicate that the company is taking longer to settle its payables, which could be due to factors such as stretched liquidity or strategic management of working capital.
It's important to consider these metrics in conjunction with other financial ratios and performance indicators to assess NetApp Inc's overall financial health and operational efficiency. Comparing the number of days of payables to industry averages or historical trends can provide further insights into the company's payment practices and liquidity management. Additionally, monitoring changes in payables turnover over time can help identify any evolving patterns in NetApp Inc's supplier relationships and working capital management strategies.
Peer comparison
Apr 30, 2025