Pegasystems Inc (PEGA)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 62.75 | 33.52 | 20.26 | 22.01 | 12.94 | |
| Number of days of payables | days | 5.82 | 10.89 | 18.02 | 16.58 | 28.21 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 62.75
= 5.82
The data indicates a consistent decline in the number of days of payables for Pegasystems Inc. over the observed period from December 31, 2020, to December 31, 2024. Specifically, the figure decreased from 28.21 days in 2020 to 16.58 days in 2021, representing a reduction of approximately 41.2%. In 2022, the days of payables slightly increased to 18.02 days but continued to decline significantly in subsequent years, reaching 10.89 days in 2023. The most substantial decrease is observed from 2023 to 2024, where the metric dropped further to 5.82 days, a reduction of approximately 46.6%. This downward trend suggests a progressively shorter period for settling payables, which may reflect improved cash flow management, more prompt payment practices, or policy changes aimed at accelerating supplier payments.
Peer comparison
Dec 31, 2024