Appfolio Inc (APPF)

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		307.44	434.46	347.66	299.59	649.79	173.40	280.03	276.94	63.11	163.80	104.41	103.43	106.35	221.01	62.24	61.89	80.23	100.13	115.64	103.83
Number of days of payables	days	1.19	0.84	1.05	1.22	0.56	2.10	1.30	1.32	5.78	2.23	3.50	3.53	3.43	1.65	5.86	5.90	4.55	3.65	3.16	3.52

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 307.44
= 1.19

The number of days of payables for Appfolio Inc has shown some fluctuations over the past few quarters. As of March 31, 2024, the company takes around 1.19 days to pay its accounts payable, which indicates a relatively short payment period. This is a slight increase from the previous quarter's figure of 0.84 days but still remains at a low level.

Looking further back, the number of days of payables has varied, with some quarters showing longer payment periods, such as 5.78 days in the first quarter of 2022. However, the company has generally maintained a prompt payment schedule, with occasional fluctuations.

Overall, Appfolio Inc's number of days of payables reflects efficient management of its accounts payable obligations, with a focus on timely payment to suppliers and vendors.