Aspen Technology Inc (AZPN)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 47.24 | 38.63 | 23.15 | 24.87 | 18.40 | 37.67 | 29.63 | ||||
| Number of days of payables | days | 7.73 | 9.45 | 15.77 | 14.68 | 19.83 | 9.69 | 12.32 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 47.24
= 7.73
Aspen Technology Inc's number of days of payables has been fluctuating over the past several quarters. In the most recent quarter ending June 30, 2024, the company had a relatively low number of days of payables at 7.73 days, indicating that it takes approximately 7.73 days for the company to pay its suppliers. This is a significant improvement from the previous quarter where the number of days of payables was 9.45 days.
Looking back over the past year, the trend in the number of days of payables shows some variability. In the December 31, 2023 quarter, the number of days of payables was relatively high at 15.77 days, followed by a decrease in the subsequent quarter. However, in the June 30, 2023 quarter, the number of days of payables spiked to 19.83 days before falling back to 9.69 days in the following quarter.
Overall, Aspen Technology Inc's number of days of payables fluctuates and may be influenced by various factors such as payment terms with suppliers and the company's cash flow management. It is important for stakeholders to monitor this metric over time to assess the efficiency of the company's payables management.
Peer comparison
Jun 30, 2024