Manhattan Associates Inc (MANH)

Payables turnover

Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 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
Cost of revenue (ttm) US$ in thousands 470,002 468,878 472,609 477,281 470,896 461,987 450,590 434,926 418,200 404,583 384,842 364,900 356,797 332,395 314,715 305,741 291,314 285,286 277,856 278,833
Payables US$ in thousands 21,355 23,897 24,199 26,615 23,183 25,581 26,401 24,508 25,253 26,124 25,357 25,701 27,360 25,154 24,586 19,625 21,647 22,031 18,327 17,805
Payables turnover 22.01 19.62 19.53 17.93 20.31 18.06 17.07 17.75 16.56 15.49 15.18 14.20 13.04 13.21 12.80 15.58 13.46 12.95 15.16 15.66

September 30, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $470,002K ÷ $21,355K
= 22.01