NetApp Inc (NTAP)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,181,000 | 4,181,000 | 4,317,000 | 4,462,000 | 4,546,000 | 4,654,000 | 4,599,000 | 4,510,000 | 4,400,000 | 4,280,000 | 4,206,000 | 4,177,000 | 4,115,000 | 3,042,000 | 2,963,000 | 2,841,000 | 2,824,000 | 3,952,000 | 4,081,000 | 4,198,000 |
| Payables | US$ in thousands | 517,000 | 396,000 | 411,000 | 344,000 | 392,000 | 432,000 | 584,000 | 515,000 | 607,000 | 432,000 | 432,000 | 368,000 | 420,000 | 336,000 | 367,000 | 396,000 | 426,000 | 381,000 | 382,000 | 348,000 |
| 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 |
April 26, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,181,000K ÷ $517,000K
= 8.09
The payables turnover ratio for NetApp Inc has shown fluctuating trends over the provided periods. The ratio indicates the efficiency with which the company is able to manage its accounts payable by paying off its suppliers.
From the data provided, NetApp Inc's payables turnover ratio ranged from 6.63 to 12.97, with an average of approximately 9.58. The highest value of 12.97 was observed in July 28, 2023, indicating that the company was able to pay off its suppliers almost 13 times within that period. On the other hand, the lowest value of 6.63 was recorded on April 24, 2020, showing a lower frequency of payables turnover during that time.
Overall, the payables turnover ratio of NetApp Inc fluctuated, but generally remained at a healthy level. A higher payables turnover ratio suggests that the company is efficiently managing its accounts payable, whereas a lower ratio may indicate potential liquidity issues or delayed payments to suppliers. It is essential for investors and analysts to monitor this ratio over time to assess the company's liquidity management and financial health.
Peer comparison
Apr 26, 2024