Paycom Soft (PAYC)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		19.91	37.84	29.09	22.87	13.25	19.61	13.93	14.28	28.05	15.72	14.82	10.70	18.20	12.92	31.30	19.40	21.73	22.38	27.83	23.64
Number of days of payables	days	18.33	9.65	12.55	15.96	27.54	18.62	26.19	25.56	13.01	23.22	24.63	34.13	20.05	28.26	11.66	18.81	16.80	16.31	13.12	15.44

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.91
= 18.33

To analyze Paycom Software Inc's number of days of payables, we will consider the trend over the past eight quarters. The number of days of payables indicates the average number of days a company takes to pay its suppliers and is an important measure of liquidity and efficiency.

In Q4 2023, the number of days of payables was 22.64 days, indicating that Paycom Software Inc took, on average, approximately 22.64 days to pay its suppliers during that quarter. This marked an increase from the previous quarter where the number of days of payables was 11.93 days.

Looking at the trend over the past eight quarters, we observe fluctuations in the number of days of payables for Paycom Software Inc. The company's number of days of payables has ranged from a low of 11.93 days in Q3 2023 to a high of 34.51 days in Q4 2022.

The decreasing trend from Q4 2022 to Q3 2023 suggests that the company may have been managing its payables more efficiently during that period. However, the increase in Q4 2023 indicates that Paycom Software Inc took longer to pay its suppliers compared to the previous quarter.

Overall, tracking the number of days of payables for Paycom Software Inc provides insights into its management of supplier credit and cash flow. It is important for investors and stakeholders to monitor this ratio to assess the company's liquidity position and efficiency in managing its payables over time.