Palo Alto Networks Inc (PANW)

The data indicates that Palo Alto Networks Inc’s number of days of payables has demonstrated significant fluctuation over the period from July 31, 2021, to July 31, 2025. Specifically, the payment period was 16.29 days in 2021, which then increased markedly to 27.18 days in 2022. This upward trend continued into 2023, with the days of payables reaching 25.29 days, suggesting a slight decrease compared to the previous year but remaining elevated relative to 2021.

In the subsequent year, 2024, the number of days of payables decreased further to 20.61 days, indicating a partial reduction in the payment cycle. However, this figure rose sharply in 2025 to 37.05 days, representing a substantial elongation of the accounts payable period compared to all previous years documented.

Overall, the trajectory reveals considerable variability, with a notable increase in the payables period starting from 2022, peaking significantly in 2025. This pattern could reflect changes in the company's payment policies, supplier negotiations, or strategic decisions impacting cash flow management. The wider fluctuations suggest periods of extending or tightening payment cycles, which could influence liquidity management and creditor relationships.