Paycom Soft (PAYC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 19.91 | 13.25 | 28.05 | 18.20 | 21.73 | |
| Number of days of payables | days | 18.33 | 27.54 | 13.01 | 20.05 | 16.80 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.91
= 18.33
The number of days of payables for Paycom Software Inc has shown some fluctuations over the past five years. In 2023, the company had 22.64 days of payables, a decrease from the previous year's 34.51 days. This indicates that Paycom Software Inc took fewer days to pay its suppliers in 2023 compared to 2022.
Looking further back, in 2021, the number of days of payables was 16.15 days, which was lower than in 2020 (25.34 days) and 2019 (20.64 days). This suggests that the company was managing its payables more efficiently in 2021 by taking fewer days to settle its obligations to suppliers.
Overall, the trend in the number of days of payables for Paycom Software Inc appears to be fluctuating, but with a general trend towards reducing the number of days it takes to pay its suppliers, which can be a positive sign of effective cash flow management.
Peer comparison
Dec 31, 2023