NetApp Inc (NTAP)
Payables turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,959,000 | 1,835,000 | 4,280,000 | 2,153,000 | 4,636,000 |
| Payables | US$ in thousands | 511,000 | 517,000 | 517,000 | 392,000 | 392,000 |
| Payables turnover | 3.83 | 3.55 | 8.28 | 5.49 | 11.83 |
April 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,959,000K ÷ $511,000K
= 3.83
NetApp Inc's payables turnover ratio has shown fluctuating trends over the past few years. In April 2023, the payables turnover ratio was 11.83, indicating that the company was able to cycle through its accounts payable nearly 12 times during that period. This high turnover rate suggests efficient management of supplier obligations.
However, in April 2024, the payables turnover ratio dropped to 3.55, signaling a significant decrease in the efficiency of paying off suppliers. This could potentially indicate delays in payments or changes in the company's payment policies.
By April 2025, the payables turnover ratio slightly improved to 3.83, although it still remained lower compared to the initial observation in 2023. This indicates that NetApp Inc was not as efficient in managing its payables turnover as it was in the past.
Overall, NetApp Inc's payables turnover ratio has been subject to fluctuations, with periods of both high efficiency and lower turnover rates. It is essential for the company to monitor this ratio closely to ensure timely payments to suppliers while maintaining a healthy cash flow position.
Peer comparison
Apr 30, 2025