Bill Com Holdings Inc (BILL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 181.38 | 92.52 | 139.69 | 156.75 | 119.78 | 164.79 | 122.03 | 108.73 | 67.02 | 74.96 | 77.67 | 72.48 | 44.89 | 28.66 | 22.46 | 42.49 | 32.97 | 23.42 | |
| Number of days of payables | days | 2.01 | 3.94 | 2.61 | 2.33 | 3.05 | 2.21 | 2.99 | 3.36 | 5.45 | 4.87 | 4.70 | 5.04 | 8.13 | 12.74 | 16.25 | 8.59 | 11.07 | 15.59 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 181.38
= 2.01
The number of days of payables for Bill Com Holdings Inc has shown a decreasing trend over the years based on the provided data. The company took approximately 15.59 days to pay its payables as of September 30, 2020, which decreased to 2.01 days by December 31, 2024. This indicates that the company has been able to manage its payables more efficiently over time, possibly negotiating better payment terms with its suppliers or improving its internal processes. A declining number of days of payables generally suggests a stronger cash position and better liquidity for the company. However, it's essential for Bill Com Holdings Inc to continue monitoring and managing its payables effectively to maintain healthy working capital management.
Peer comparison
Dec 31, 2024