Seagate Technology PLC (STX)
Number of days of payables
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.68 | 3.85 | 3.50 | 2.90 | 2.81 | 3.01 | 3.30 | 3.83 | 3.76 | 3.89 | 6.51 | 4.43 | 3.98 | 4.34 | 4.66 | 4.65 | 4.50 | 4.02 | 4.32 | 4.17 | |
| Number of days of payables | days | 99.28 | 94.70 | 104.30 | 125.67 | 129.99 | 121.42 | 110.72 | 95.34 | 96.98 | 93.79 | 56.10 | 82.37 | 91.70 | 84.13 | 78.31 | 78.56 | 81.10 | 90.74 | 84.57 | 87.61 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.68
= 99.28
The analysis of Seagate Technology PLC's number of days of payables over the specified periods reveals significant fluctuations that reflect the company's evolving approach to managing its accounts payable obligations.
Between September 30, 2020, and December 31, 2020, the days of payables decreased from approximately 87.61 to 84.57 days, indicating a slight shortening in the company's credit payment period. This trend reversed in the subsequent quarter, with the days increasing to 90.74 as of March 31, 2021, suggesting a marginal extension in payment terms during this period. The figure then declined again to 81.10 days by June 30, 2021, before a gradual decrease to 78.56 days in September 2021 and 78.31 days in December 2021.
In 2022, notable variations occurred. The days of payables increased to 84.13 days at the end of the March quarter, then saw a significant upward movement to 91.70 days by June 30, 2022. This upward trend continued through the latter half of 2022, with the figure reaching 82.37 days at September 2022 and dropping sharply to 56.10 days at the end of December 2022. The notable reduction in December 2022 indicates a period of faster payments or tighter credit terms towards suppliers.
The subsequent quarters of 2023 exhibited a rising trend in payables days, peaking at 93.79 days in March, followed by further increases to 96.98 days in June, and reaching 95.34 days by September 2023. The figure then surged to 110.72 days in December 2023, reflecting a substantial extension in the company's credit period. The trend of increasing payable days continued into early 2024, with 121.42 days in March and 129.99 days in June 2024, suggesting a strategic elongation of payment cycles.
In the latter half of 2024, the days of payables showed a decreasing trend, moving from 125.67 days in September 2024 down to 104.30 days in December 2024. The decline indicates a possible effort to shorten payables, perhaps to improve liquidity or respond to external payment pressures. The trend then slightly reversed in early 2025, with the days increasing to 94.70 in March and 99.28 by June 2025.
Overall, Seagate's days of payables have experienced considerable volatility over the examined period, characterized by periods of extension, notably from late 2022 through mid-2024, which may point toward strategic supplier credit management or cash flow considerations. The reduction observed at the end of 2022 and the fluctuations thereafter suggest adaptive management of accounts payable, aligning with broader operational or financial strategies.
Peer comparison
Jun 30, 2025