Sprinklr Inc (CXM)

Number of days of payables

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021
Payables turnover		17.82	27.26	26.57	27.33	19.89	37.29	14.73	26.71
Number of days of payables	days	20.48	13.39	13.74	13.35	18.35	9.79	24.78	13.66

January 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.82
= 20.48

Sprinklr Inc's number of days of payables has shown fluctuations over the past several quarters. The company reported 20.48 days of payables as of January 31, 2024, which was higher compared to the previous quarter at 13.39 days as of October 31, 2023. This increase indicates that the company took longer to pay its suppliers and vendors during this period.

Looking at the trend over the past year, the number of days of payables has varied, with a high of 24.78 days as of July 31, 2022, and a low of 9.79 days as of October 31, 2022. These fluctuations suggest that Sprinklr Inc's payment practices may have been inconsistent.

Analyzing the data further, it is essential to monitor the company's payables management closely to ensure efficient working capital management. The management should aim to strike a balance between extending payment terms to optimize cash flow and maintaining good relationships with suppliers by paying them in a timely manner.