Appfolio Inc (APPF)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 421.47 | 172.44 | 163.75 | 221.01 | 100.13 | |
| Number of days of payables | days | 0.87 | 2.12 | 2.23 | 1.65 | 3.65 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 421.47
= 0.87
Appfolio Inc's number of days of payables has shown a decreasing trend over the past five years. In particular, the company has managed to reduce its payment cycle significantly from 3.65 days in 2019 to 0.87 days in 2023. This indicates that the company is taking less time to pay its suppliers and vendors, potentially improving its cash flow management. A lower number of days of payables can also suggest stronger bargaining power with suppliers and better working capital management. Overall, the decreasing trend in Appfolio Inc's number of days of payables reflects a more efficient payment cycle over the years.
Peer comparison
Dec 31, 2023