PTC Inc (PTC)

Number of days of payables

		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	Mar 31, 2020	Dec 31, 2019
Payables turnover		52.95	27.19	66.13	91.28	29.04	65.72	31.36	28.71	28.81	53.61	36.69	27.34	25.63	47.27	47.28	33.49	40.45	32.92	29.40	23.54
Number of days of payables	days	6.89	13.43	5.52	4.00	12.57	5.55	11.64	12.71	12.67	6.81	9.95	13.35	14.24	7.72	7.72	10.90	9.02	11.09	12.41	15.51

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 52.95
= 6.89

Analyzing the number of days of payables for PTC Inc over the past several periods reveals fluctuations in the company's management of its accounts payable. The number of days of payables measures how long, on average, the company takes to pay its suppliers and is an important indicator of the company's liquidity and working capital management.

In the most recent period ending on September 30, 2024, PTC Inc took approximately 6.89 days to pay its suppliers, showing a relatively efficient payment cycle. This represents a significant improvement compared to the previous quarter where it took 13.43 days to settle payables. The trend has been fluctuating in recent quarters, reflecting potential changes in the company's payment policies or market conditions.

Looking back further, there have been instances of longer payment cycles, such as 15.51 days at the end of 2019, indicating a slower payment process at that time. Overall, monitoring the number of days of payables can provide insights into how effectively PTC Inc manages its cash flow, supplier relationships, and working capital requirements.