Agilysys Inc (AGYS)

Number of days of payables

		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	Jun 30, 2019
Payables turnover		23.68	23.74	20.63	18.73	19.85	18.77	16.75	20.42	16.34	21.96	19.75	22.82	25.63	35.37	61.99	47.84	16.50	12.19	13.89	26.27
Number of days of payables	days	15.42	15.37	17.70	19.48	18.39	19.44	21.79	17.88	22.34	16.62	18.48	16.00	14.24	10.32	5.89	7.63	22.12	29.94	26.28	13.89

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.68
= 15.42

The number of days of payables for Agilysys Inc has fluctuated over the past several quarters. In the most recent quarter, as of March 31, 2024, the company took approximately 15.42 days to pay its suppliers. This indicates that the company is efficiently managing its accounts payable by settling its obligations within a relatively short timeframe.

Looking at the trend over the previous quarters, we observe some fluctuations in the number of days of payables. The company's payables period was relatively stable in the range of 15 to 19 days during the later part of 2022 and the beginning of 2023, indicating a consistent approach to managing supplier payments.

However, there was a notable increase in the payables period to around 22 days in the third quarter of 2022, which may suggest a delay in settling supplier invoices during that period. The company managed to bring down the payables period in subsequent quarters before the latest slight increase to 15.42 days in the most recent quarter.

Overall, Agilysys Inc's management of payables appears to be effective, with a focus on timely payments to suppliers. The company's ability to maintain a relatively low number of days of payables indicates efficient working capital management and a healthy relationship with suppliers.