Manhattan Associates Inc (MANH)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		24.16	19.55	22.00	21.79	20.16
Number of days of payables	days	15.11	18.67	16.59	16.75	18.11

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 24.16
= 15.11

Manhattan Associates, Inc.'s number of days of payables has shown variability over the past five years. The company has been able to effectively manage its payables period, with a decreasing trend observed from 2022 to 2023. In 2023, Manhattan Associates took approximately 20.77 days, on average, to pay its suppliers, which is a notable improvement compared to 26.19 days in 2022. This suggests that the company has been able to optimize its working capital management by extending the time it takes to settle its accounts payable.

A lower number of days of payables indicates that the company is paying its suppliers more quickly, which may result in improved supplier relationships and potential discounts for early payment. It also demonstrates efficient cash management practices. However, it is important for the company to strike a balance between managing payables effectively and maintaining good relationships with suppliers to ensure a stable supply chain.

Overall, the downward trend in Manhattan Associates, Inc.'s number of days of payables over the past few years reflects a positive aspect of the company's financial management and operational efficiency.