Guidewire Software Inc (GWRE)

Number of days of payables

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Payables turnover		51.68	23.97	19.68	23.94	26.87
Number of days of payables	days	7.06	15.23	18.54	15.25	13.58

July 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 51.68
= 7.06

Guidewire Software Inc's number of days of payables has shown some fluctuations over the past five years.

As of July 31, 2020, the company had an average payment period of approximately 13.58 days. This increased slightly to 15.25 days by July 31, 2021, indicating a trend towards a longer period before settling payables.

By July 31, 2022, the number of days of payables further increased to 18.54 days, suggesting that the company was taking longer to pay its suppliers or creditors. However, there was a decrease in the payables period by July 31, 2023, reaching 15.23 days.

The most significant change occurred by July 31, 2024, when the number of days of payables sharply decreased to 7.06 days. This reduction may indicate a more aggressive approach by the company in settling its accounts payable, possibly to optimize cash flows or strengthen relationships with suppliers.

Overall, the trend in Guidewire Software Inc's number of days of payables shows variability, with periods of both lengthening and shortening payment cycles over the years.