Appfolio Inc (APPF)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 500,283 469,117 481,429 470,695 495,718 469,343 458,967 480,848 428,810 422,291 370,548 303,515 279,123 260,283 249,379 240,553 229,854 223,505 210,534 201,295
Payables US$ in thousands 2,378 509 1,256 1,531 1,141 1,350 1,532 740 2,473 1,508 1,338 4,809 1,704 2,493 2,411 2,262 1,040 3,591 3,402 2,509
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $500,283K ÷ $2,378K
= 210.38

The payables turnover ratio measures how efficiently a company is managing its accounts payable by evaluating how many times a company pays off its suppliers during a specific period. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently.

Analyzing the payables turnover of Appfolio Inc over the periods provided, we can see fluctuations in the ratio. The trend shows variability in how quickly the company is paying off its suppliers. For example, the ratio drastically increased from December 31, 2022, to March 31, 2023, reaching a peak of 649.79, indicating a significant increase in the frequency of payments during that period.

However, the ratio decreased in the following periods, showing a downward trend. For instance, by December 31, 2024, the ratio dropped to 210.38, implying that the company was paying off its suppliers less frequently compared to the peak in March 31, 2023.

Overall, fluctuations in the payables turnover ratio can be influenced by various factors such as changes in payment terms with suppliers, company's cash flow management, and the overall business environment. Further analysis would be needed to understand the underlying reasons for the fluctuations and their impact on the company's financial health and supplier relationships.