Pegasystems Inc (PEGA)

Number of days of payables

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 Jun 30, 2020
Payables turnover 23.95 62.80 18.88 22.58 59.11 33.55 18.50 44.96 30.11 20.26 26.66 16.43 18.37 22.01 12.81 14.03 12.85 12.94 15.24 17.08
Number of days of payables days 15.24 5.81 19.33 16.16 6.17 10.88 19.72 8.12 12.12 18.02 13.69 22.21 19.87 16.58 28.48 26.02 28.41 28.21 23.94 21.37

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.95
= 15.24

The data indicates that Pegasystems Inc.'s number of days of payables has experienced notable fluctuations over the specified periods. Initially, as of June 30, 2020, the payables period stood at approximately 21.37 days, increasing gradually to a peak of 28.41 days by March 31, 2021. This upward trend reflects a longer duration in settling accounts payable, possibly signaling strategic payment extension or cash flow management considerations.

Subsequently, the payable days decreased significantly to around 16.58 days by December 31, 2021, indicating a shift towards earlier payment cycles. This pattern continued into 2022, with the period reaching a low of 12.12 days on March 31, 2023. The decline suggests an efficiency improvement in paying suppliers or a change in vendor payment terms.

However, during 2023 and into 2024, the payable days exhibit variability, reaching highs of approximately 19.72 days in September 2023 and 19.33 days in September 2024, before dropping again to notably low levels, such as 10.88 days at the end of 2023 and 5.81 days at the end of December 2024. The most recent data point shows a rise to approximately 15.24 days as of March 2025.

Overall, the trend demonstrates a decrease in the average accounts payable period over time, with periods of fluctuation. The reduction suggests enhanced payment efficiency or shifts in vendor payment policies, while the intermittent increases may reflect strategic delays or seasonal factors impacting payable management.