Bill Com Holdings Inc (BILL)

The analysis of Bill Com Holdings Inc.'s accounts payable days over the specified period reveals a notable trend of decreasing payment periods. As of June 30, 2021, the company’s average days payable was approximately 70.30 days, indicating a relatively extended period before settling payables to suppliers. Over the subsequent years, this duration experienced a significant reduction, reaching 25.04 days by June 30, 2022, and further decreasing to 16.03 days as of June 30, 2023. Continuing this trend of acceleration in payment velocity, the days of payables diminished to 11.59 days by June 30, 2024. However, by June 30, 2025, there was an observed slight increase to approximately 21.86 days, suggesting a modest elongation in payment cycles compared to the immediate preceding year.

This pattern suggests that initially, the company reduced its accounts payable period substantially, potentially indicating improved cash flow management, increased operational efficiency, or strategic negotiations with suppliers to shorten payment terms. The minimal payables period in 2024 implies a more prompt settlement of liabilities, possibly reflecting better liquidity positioning or a shift in company payment policies. The subsequent increase in 2025 indicates a possible reevaluation of payables strategies, cash flow considerations, or changes in supplier agreements that resulted in a slight extension of the payment cycle.

Overall, the trend shows a clear move toward optimizing cash flow through shorter payable periods, with a temporary relaxation observed in 2025. This behavior aligns with standard financial practices aimed at balancing supplier relationships, liquidity management, and operational needs.

Peer comparison

Jun 30, 2025