NetScout Systems Inc (NTCT)

Number of days of payables

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Payables turnover		9.82	13.39	12.97	11.38	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
Number of days of payables	days	37.18	27.25	28.15	32.07	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

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.82
= 37.18

NetScout Systems Inc's number of days of payables have shown some fluctuations over the years as per the data provided. The number of days of payables is a measure of how long a company takes to pay its suppliers.

From June 30, 2020, to March 31, 2023, the number of days of payables ranged between around 24 to 37 days, with slight variations quarter by quarter. This indicates that the company has been managing its payables fairly consistently during this period.

However, there was a notable decrease from June 30, 2023, to December 31, 2024, where the number of days of payables decreased to around 24 to 28 days. This could signal that the company was able to negotiate better payment terms with its suppliers, resulting in a shorter period to settle its payables.

Subsequently, from March 31, 2025, the number of days of payables increased to around 37 days. It may be worth analyzing the reasons behind this increase to understand if there were any changes in the company's procurement or payment processes that led to the extended payment cycle.

Overall, monitoring the number of days of payables can provide insights into a company's cash management, supplier relationships, and operational efficiency in managing its working capital.