Bill Com Holdings Inc (BILL)

Payables turnover

Jun 30, 2025 Mar 31, 2025 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
Cost of revenue (ttm) US$ in thousands 272,104 278,422 281,077 272,846 264,176 236,822 215,805 204,895 193,976 184,865 173,357 160,276 145,004 121,856 99,948 79,535 61,806 51,613 46,289 42,103
Payables US$ in thousands 16,293 9,302 5,723 11,181 7,447 6,824 8,772 6,491 8,519 9,144 14,262 11,508 9,948 9,433 11,770 13,142 11,904 4,320 5,076 6,566
Payables turnover 16.70 29.93 49.11 24.40 35.47 34.70 24.60 31.57 22.77 20.22 12.16 13.93 14.58 12.92 8.49 6.05 5.19 11.95 9.12 6.41

June 30, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $272,104K ÷ $16,293K
= 16.70

The payables turnover ratio for Bill Com Holdings Inc. demonstrates notable fluctuations over the observed periods from September 2020 through June 2025. The ratio initially increased from 6.41 in September 2020 to a peak of 12.92 in March 2022, reflecting a general trend of more rapid payments to suppliers or possibly more efficient management of accounts payable. This upward trajectory is accentuated further by a significant leap to 20.22 in March 2023 and an even higher value of 34.70 in March 2024, indicating an increase in the frequency at which the company settles its payables relative to its goods or services purchased.

Following this peak, the ratio exhibits a decline to 24.60 by December 2024 and further decreases to 16.70 by June 2025. This downward trend post-March 2024 could suggest a relaxation in payment speed, potential changes in supplier credit terms, or shifts in operational management.

Overall, the pattern indicates that Bill Com Holdings Inc. has experienced phases of accelerated payable payments, particularly from late 2022 through early 2024, followed by a reduction in this activity in the latter half of 2024 and into mid-2025. These movements may reflect strategic adjustments, shifts in liquidity management, or changes in vendor relationships.