Paylocity Holdng (PCTY)

Number of days of payables

		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	Sep 30, 2020
Payables turnover		28.72	55.77	86.97	28.56	51.47	81.91	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
Number of days of payables	days	12.71	6.54	4.20	12.78	7.09	4.46	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

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 28.72
= 12.71

The data on the number of days of payables for Paylocity Holdings over the period from September 30, 2020, through June 30, 2025, reflects fluctuations in the company's payment delay practices to suppliers and creditors. Initially, the figure was relatively low at 6.21 days as of September 30, 2020, indicating prompt payments to suppliers. This figure decreased slightly to 5.14 days by December 31, 2020, and increased again to 5.88 days by March 31, 2021.

Throughout 2021, the payable days experienced some volatility, with an increase to 10.82 days on September 30, 2021—a notable rise implying a lengthening in payment periods. This was followed by a slight decline to 9.62 days at the end of December 2021 and a decrease further to 6.86 days by March 31, 2022. A subsequent increase to 10.65 days in June 2022 indicates a temporary elongation of payment terms, which then decreased again to 7.38 days in September 2022 and 8.48 days in December 2022.

In early 2023, the payable days settled around the low to mid-8-day range, with 8.36 days observed at March 31, 2023. This was followed by a dip to 6.12 days in June 2023, suggesting shorter payment cycles, but then increased again to 8.32 days in September 2023 and slightly decreased to 7.25 days by the end of the year.

A more significant fluctuation occurred in 2024, with the days dropping sharply to 4.46 days as of March 31, 2024, and then relatively rising again to 7.09 days in June 2024. Noticeably, there is a sharp increase to 12.78 days on September 30, 2024, indicating a substantial delay in payments during that period, followed by a reduction back to 4.20 days by December 31, 2024.

In the subsequent quarters, a stabilization around the mid-6 days is observed, with 6.54 days at March 31, 2025, and a notable increase to 12.71 days at June 30, 2025.

Overall, the trend demonstrates significant variability in Paylocity Holdings' payable days, with periods of both shortening and lengthening of payment cycles. These shifts could reflect changing payment strategic policies, cash flow considerations, or supplier relationship management, and warrant further examination for a comprehensive understanding of underlying operational or strategic developments.