Paylocity Holdng (PCTY)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 51.14 | 59.65 | 34.27 | 51.84 | 103.71 | |
| Number of days of payables | days | 7.14 | 6.12 | 10.65 | 7.04 | 3.52 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 51.14
= 7.14
The number of days of payables for Paylocity Holding has shown some fluctuations over the past five years. As of June 30, 2024, the company took, on average, approximately 7.14 days to pay its suppliers and vendors. This represents an increase compared to the previous year when the average number of days of payables was 6.12 days. In Jun 30, 2022, the number of days of payables increased significantly to 10.65 days from 7.04 days in Jun 30, 2021 and 3.52 days in Jun 30, 2020.
The trend over the period suggests that the company has been taking longer to pay its payables in recent years, which may indicate a changing dynamic in its supplier relationships or cash management practices. It is important for stakeholders to monitor this ratio as an increase in the number of days of payables could impact the company's cash flow and relationships with suppliers.
Peer comparison
Jun 30, 2024