NetApp Inc (NTAP)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,959,000 | 1,918,000 | 2,517,000 | 2,491,000 | 3,053,000 | 3,007,000 | 2,922,000 | 2,903,000 | 2,969,000 | 3,023,000 | 3,108,000 | 3,197,000 | 3,267,000 | 3,337,000 | 3,397,000 | 3,418,000 | 3,432,000 | 3,451,000 | 3,499,000 | 3,494,000 |
| Payables | US$ in thousands | 511,000 | 434,000 | 554,000 | 437,000 | 517,000 | 517,000 | 396,000 | 396,000 | 411,000 | 411,000 | 344,000 | 344,000 | 392,000 | 392,000 | 432,000 | 432,000 | 584,000 | 584,000 | 515,000 | 515,000 |
| 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 |
April 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,959,000K ÷ $511,000K
= 3.83
NetApp Inc's payables turnover ratio measures how efficiently the company manages its accounts payable by determining how many times the company pays off its suppliers in a given period. Looking at the data provided, we can observe fluctuations in NetApp's payables turnover ratio over multiple periods.
The payables turnover ratio for NetApp Inc ranged from 3.83 to 9.29 from April 30, 2025, to July 28, 2023, indicating a significant variance in the efficiency of managing accounts payable over this time frame. Higher payables turnover ratios suggest that NetApp is paying its suppliers more frequently, while lower ratios indicate a longer average payment period.
It is worth noting that a higher payables turnover ratio may imply that NetApp is effectively managing its cash flow by paying off suppliers promptly, which could be beneficial in negotiating favorable credit terms. On the other hand, a lower payables turnover ratio may be a sign of inefficiency or potential liquidity issues.
In analyzing NetApp's payables turnover ratio, investors and stakeholders can gain insights into the company's liquidity, financial health, and operational efficiency in managing its payables. However, further evaluation and comparison with industry benchmarks are recommended to get a more comprehensive perspective on NetApp's performance in this regard.
Peer comparison
Apr 30, 2025