NetScout Systems Inc (NTCT)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Payables turnover		12.92	13.54	9.75	12.36	12.11
Number of days of payables	days	28.25	26.95	37.42	29.52	30.15

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.92
= 28.25

The number of days of payables measures the average number of days it takes for a company to pay its accounts payable. A lower number indicates that the company is paying its suppliers more quickly, while a higher number suggests a longer payment period.

NetScout Systems Inc's number of days of payables has fluctuated over the past five years. In the latest fiscal year ending on March 31, 2024, the company took approximately 28.25 days on average to pay its suppliers, which is slightly higher than the previous year's 26.95 days. This suggests that NetScout Systems Inc is managing its payables efficiently by maintaining a relatively consistent payment period.

Comparing the current number of days of payables to the data from the previous years, we observe variations in the payment patterns. In fiscal year 2022, the company had a significantly higher number of days of payables at 37.42 days, indicating a longer payment period compared to the recent years. However, in FY 2021 and FY 2020, the numbers were closer to the latest figure, ranging between 29.52 days and 30.15 days.

Overall, the trend in NetScout Systems Inc's number of days of payables shows some variability, but the recent data suggests that the company has been effectively managing its payables by maintaining a relatively stable payment period over the past two years. Further analysis of the company's cash flow and working capital management could provide additional insights into its payables strategy.