Manhattan Associates Inc (MANH)

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 Jun 30, 2020 Mar 31, 2020
Payables turnover 24.16 27.13 24.38 23.14 24.16 22.58 21.06 20.83 19.55 18.05 18.50 17.98 22.00 15.97 15.28 17.57 18.04 17.96 20.56 15.55
Number of days of payables days 15.11 13.45 14.97 15.78 15.11 16.16 17.33 17.53 18.67 20.22 19.73 20.30 16.59 22.86 23.90 20.78 20.23 20.32 17.76 23.48

December 31, 2024 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 fluctuation over the periods provided. The trend indicates an overall decrease from around 23.48 days on March 31, 2020, to approximately 15.11 days by December 31, 2024. This downward trend suggests that the company has been able to manage its payables more efficiently and potentially negotiate better payment terms with its suppliers over the years. Lower number of days of payables could indicate that Manhattan Associates Inc is paying its suppliers quicker or taking advantage of any discounts offered for early payments. This trend is generally positive as it can improve the company's relationships with suppliers and enhance its liquidity position.