Palo Alto Networks Inc (PANW)

Number of days of payables

		Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019
Payables turnover		48.63	50.28	29.89	38.54	37.84	53.48	37.06	36.40	34.37	38.73	33.04	39.70	62.17	46.01	70.39	61.44	45.18	53.12	47.84	33.99
Number of days of payables	days	7.51	7.26	12.21	9.47	9.65	6.83	9.85	10.03	10.62	9.42	11.05	9.19	5.87	7.93	5.19	5.94	8.08	6.87	7.63	10.74

July 31, 2024 calculation

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

The number of days of payables for Palo Alto Networks Inc has shown fluctuations over the past few quarters. The company was able to extend its payment terms to suppliers in the most recent quarter, with the number of days of payables increasing to 7.51 days compared to 7.26 days in the previous quarter. This indicates that the company took longer to pay its bills, potentially improving its cash flow position in the short term.

Looking at a longer trend, the number of days of payables has been quite stable over the past two years, ranging between 5.19 days and 12.21 days. This suggests that Palo Alto Networks Inc has been managing its accounts payable effectively, neither excessively delaying payments nor paying too quickly. A lower number of days of payables indicates that the company is paying its bills quickly, whereas a higher number of days suggests a more conservative approach to managing cash flow.

Overall, the trend in the number of days of payables for Palo Alto Networks Inc indicates that the company is maintaining a balanced approach to managing its accounts payable, which is crucial for maintaining good relationships with suppliers while optimizing cash flow.