Palo Alto Networks Inc (PANW)

Number of days of payables

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Payables turnover		48.63	37.84	34.37	62.17	45.54
Number of days of payables	days	7.51	9.65	10.62	5.87	8.01

July 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 48.63
= 7.51

Palo Alto Networks Inc has displayed varying trends in its number of days of payables over the past five years. The company's ability to pay its trade payables has improved from 9.65 days in July 2023 to 7.51 days in July 2024, indicating a more efficient management of its accounts payable. This suggests that the company is taking longer to settle its payables.

Comparing the figures over the five-year period, it is evident that there have been fluctuations in the number of days of payables. In July 2022, the company took approximately 10.62 days to settle its trade payables, which was higher compared to the previous year. However, in July 2021 and July 2020, the number of days of payables decreased to 5.87 days and 8.01 days, respectively, indicating quicker settlement of payables during these periods.

Overall, the trend in Palo Alto Networks Inc's number of days of payables highlights the importance of efficient working capital management and the company's ability to balance its cash flow requirements with its payment obligations over the years. It is essential for investors and stakeholders to monitor these trends to assess the company's liquidity position and operational efficiency.