PTC Inc (PTC)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 52.95 | 29.05 | 28.80 | 34.19 | 39.90 | |
| Number of days of payables | days | 6.89 | 12.57 | 12.67 | 10.67 | 9.15 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 52.95
= 6.89
The number of days of payables for PTC Inc has shown a decreasing trend over the past five years. In the most recent fiscal year ending on September 30, 2024, the company took approximately 6.89 days to pay its suppliers, a significant improvement from 12.57 days in the previous year. This suggests that PTC Inc has been able to manage its accounts payable more efficiently, possibly negotiating better payment terms with suppliers or streamlining its payment processes. Overall, the decreasing trend in the number of days of payables indicates potential improvements in PTC Inc's working capital management and liquidity position.
Peer comparison
Sep 30, 2024