Bill Com Holdings Inc (BILL)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 142.86 | 122.03 | 74.28 | 22.46 | 41.01 | |
| Number of days of payables | days | 2.55 | 2.99 | 4.91 | 16.25 | 8.90 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 142.86
= 2.55
The number of days of payables for Bill Com Holdings Inc shows a fluctuating trend over the years. As of June 30, 2020, the company took approximately 8.90 days to pay its suppliers. This figure increased to 16.25 days by June 30, 2021, indicating that the company took longer to settle its payables during that period.
However, there was a significant improvement in the efficiency of payables management by June 30, 2022, as the number of days decreased to 4.91 days. This trend continued in the following years, with the number of days of payables further declining to 2.99 days by June 30, 2023, and reaching an even lower level of 2.55 days by June 30, 2024.
Overall, the decreasing trend in the number of days of payables suggests that Bill Com Holdings Inc has been more effective in managing its payables by settling its obligations to suppliers in a shorter period, which may indicate better liquidity and vendor relations.
Peer comparison
Jun 30, 2024