NetApp (FRA:NTA) Days Payable : 82.22 (As of Jan. 2024)

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What is NetApp Days Payable?

NetApp's average Accounts Payable for the three months ended in Jan. 2024 was €376 Mil. NetApp's Cost of Goods Sold for the three months ended in Jan. 2024 was €418 Mil. Hence, NetApp's Days Payable for the three months ended in Jan. 2024 was 82.22.

The historical rank and industry rank for NetApp's Days Payable or its related term are showing as below:

FRA:NTA' s Days Payable Range Over the Past 10 Years
Min: 38.43 Med: 79.5 Max: 98.75
Current: 77.97

During the past 13 years, NetApp's highest Days Payable was 98.75. The lowest was 38.43. And the median was 79.50.

FRA:NTA's Days Payable is ranked better than
57.96% of 2419 companies
in the Hardware industry
Industry Median: 67.96 vs FRA:NTA: 77.97

NetApp's Days Payable declined from Jan. 2023 (93.05) to Jan. 2024 (82.22). It may suggest that NetApp accelerated paying its suppliers.

NetApp Days Payable Historical Data

The historical data trend for NetApp's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NetApp Days Payable Chart

NetApp Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

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91.18

96.94

84.09

85.79

85.47

NetApp Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															93.05	74.98	77.38	74.63	82.22

Competitive Comparison of NetApp's Days Payable

For the Computer Hardware subindustry, NetApp's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NetApp's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, NetApp's Days Payable distribution charts can be found below:

* The bar in red indicates where NetApp's Days Payable falls into.

NetApp Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

NetApp's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (562.082	+	357.504)	/	2 )	/	1963.536	*	365
=	459.793					/	1963.536	*	365
=	85.47

NetApp's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (389.217	+	363.528)	/	2 )	/	417.69	*	365 / 4
=	376.3725					/	417.69	*	365 / 4
=	82.22

NetApp Days Payable Related Terms

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NetApp (FRA:NTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NetApp Inc (FRA:NTA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NTAP:USA NTA:Germany

Address

3060 Olsen Drive, San Jose, CA, USA, 95128

Website

https://www.netapp.com

NetApp Inc is a leading provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.

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