Manhattan Associates Inc (MANH)

Payables turnover

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Cost of revenue US$ in thousands 478,656 477,281 436,366 364,900 305,741
Payables US$ in thousands 22,182 26,615 24,508 25,701 19,625
Payables turnover 21.58 17.93 17.81 14.20 15.58

December 31, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $478,656K ÷ $22,182K
= 21.58