NetScout Systems Inc (NTCT)

Number of days of payables

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Payables turnover		12.92	12.42	12.92	14.98	13.54	14.23	10.41	10.96	9.75	12.01	12.26	13.18	12.36	11.96	13.28	13.91	12.11	12.05	6.94	9.65
Number of days of payables	days	28.25	29.38	28.25	24.36	26.95	25.66	35.07	33.31	37.42	30.38	29.78	27.70	29.52	30.51	27.48	26.25	30.15	30.30	52.57	37.82

March 31, 2024 calculation

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

NetScout Systems Inc's number of days of payables has shown fluctuations over the past several quarters. The company takes, on average, 28.67 days to pay its suppliers. There was a slight improvement in the efficiency of payables management in the recent quarter, with the number of days of payables decreasing from 29.38 days at the end of December 2023 to 28.25 days at the end of March 2024.

Comparing to historical data, the number of days of payables has generally been managed quite effectively, with occasional increases seen in some quarters. It is essential for a company to strike a balance in managing its payables efficiently, ensuring good relationships with suppliers while also optimizing cash flow and working capital management. Further monitoring and analysis of this metric will be necessary to observe trends and understand the company's payment practices.