Appfolio Inc (APPF)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 210.38 | 921.64 | 383.30 | 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 | |
| Number of days of payables | days | 1.73 | 0.40 | 0.95 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 210.38
= 1.73
The number of days of payables for Appfolio Inc has fluctuated over the years based on the data provided. For the period between March 31, 2020, to June 30, 2022, the number of days of payables remained relatively low, ranging from 1.32 days to 5.90 days. This indicates that, on average, the company took a short period of time to pay its outstanding obligations to suppliers.
During the latter part of 2022 and extending into 2024, there was a significant decline in the number of days of payables, with the metric dropping to as low as 0.40 days by September 30, 2024. This suggests that the company was able to manage its payables more efficiently, possibly negotiating better terms with suppliers or improving cash flow management.
Overall, the trend in the number of days of payables for Appfolio Inc reflects a strategic approach towards managing its cash flow and supplier relationships, resulting in a shorter payment cycle over time.
Peer comparison
Dec 31, 2024