Paylocity Holdng (PCTY)

Number of days of payables

		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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Payables turnover		51.14	81.37	50.33	43.89	59.65	43.64	43.04	49.45	34.27	53.19	37.95	33.74	51.84	62.10	71.05	58.82	103.71	48.60	45.21	31.72
Number of days of payables	days	7.14	4.49	7.25	8.32	6.12	8.36	8.48	7.38	10.65	6.86	9.62	10.82	7.04	5.88	5.14	6.21	3.52	7.51	8.07	11.51

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 variability over the last few quarters. Based on the data provided, there is a range in the number of days the company takes to pay its suppliers. The average number of days of payables over the last several quarters is approximately 7.45 days.

It is important to note that a lower number of days of payables indicates that the company is paying its suppliers more quickly, which could be seen as a positive sign of liquidity and efficient management of working capital. On the other hand, a higher number of days of payables could suggest delayed payments to suppliers, which may have implications for supplier relationships and liquidity.

Overall, the trend in the number of days of payables for Paylocity Holding appears to have fluctuated within a relatively moderate range, with some quarters showing lower or higher numbers than others. It is advisable for investors and stakeholders to monitor this metric over time to assess the company's payment practices and working capital management.