NVIDIA Corporation (NVDA)

Number of days of payables

		Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Jan 26, 2020
Payables turnover		6.16	9.74	5.29	5.46	6.04
Number of days of payables	days	59.27	37.48	68.95	66.79	60.42

January 28, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.16
= 59.27

The number of days of payables of NVIDIA Corp has fluctuated over the past five years. In the most recent fiscal year ending on January 28, 2024, the company took approximately 59.27 days to pay its accounts payable, which represents an increase compared to the previous year. This indicates that the company is taking slightly longer to settle its outstanding obligations to suppliers and vendors.

Compared to two years ago, the number of days of payables has decreased significantly, suggesting a more efficient management of payables during that period. However, when looking at the data from three and four years ago, the number of days of payables was significantly higher, indicating a longer payment cycle during those years.

Overall, the trend in the number of days of payables of NVIDIA Corp reflects variations in the company's payment practices and working capital management over the years, with fluctuations in the time taken to settle outstanding payables. Further analysis and comparison with industry benchmarks would provide more insights into the company's payables management efficiency.