Seagate Technology PLC (STX)
Number of days of payables
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.03 | 3.25 | 3.57 | 4.21 | 4.14 | 4.28 | 7.11 | 4.77 | 4.26 | 4.64 | 4.98 | 4.96 | 4.81 | 4.31 | 4.62 | 4.46 | 4.54 | 4.38 | 4.16 | 4.45 | |
| Number of days of payables | days | 120.47 | 112.16 | 102.26 | 86.77 | 88.18 | 85.31 | 51.34 | 76.48 | 85.62 | 78.70 | 73.36 | 73.58 | 75.83 | 84.73 | 79.02 | 81.90 | 80.38 | 83.39 | 87.82 | 82.10 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.03
= 120.47
The number of days of payables for Seagate Technology PLC has shown fluctuations over the past few quarters. From December 2019 to March 2020, the number of days of payables remained relatively stable around 83-88 days. However, there was a significant decrease observed in the following quarters, reaching a low of 51.34 days by the end of December 2022. This suggests that the company was taking longer to pay its suppliers during that period.
Subsequently, there was an upward trend in the number of days of payables, indicating that Seagate was taking longer to pay its bills compared to the earlier quarters. By June 2023, the number of days of payables had increased to 88.18 days and continued to rise until March 2024, reaching 112.16 days. This could be an indicator of the company extending its payment terms or facing challenges in managing its working capital efficiently.
In the most recent quarter ending in June 2024, there was a slight decrease in the number of days of payables to 120.47 days, but the metric still remains higher compared to previous periods. Overall, the fluctuations in the number of days of payables reflect changes in Seagate Technology PLC's payment practices and working capital management, which can have implications for its liquidity and relationships with suppliers.
Peer comparison
Jun 30, 2024