Appfolio Inc (APPF)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 210.38 | 421.47 | 172.44 | 163.75 | 221.01 | |
| Number of days of payables | days | 1.73 | 0.87 | 2.12 | 2.23 | 1.65 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 210.38
= 1.73
Appfolio Inc's number of days of payables has shown variability over the five-year period. The trend indicates that the company is able to manage its payables efficiently, with the number of days ranging from 0.87 to 2.23 days. In particular, there was a notable decrease in the number of days of payables from 2023 to 2024. This suggests that the company may have improved its ability to pay its suppliers more promptly or negotiate more favorable payment terms. Overall, the trend in Appfolio Inc's number of days of payables reflects effective management of its accounts payable and working capital position.
Peer comparison
Dec 31, 2024