Liveramp Holdings Inc (RAMP)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Payables turnover		6.12	6.03	5.46	9.08	8.25
Number of days of payables	days	59.66	60.56	66.81	40.19	44.24

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.12
= 59.66

Liveramp Holdings Inc's number of days of payables has shown some fluctuation over the past five years. In the most recent fiscal year ending March 31, 2024, the number of days of payables stood at 59.66 days, indicating that on average, the company takes approximately 59.66 days to pay off its trade payables.

Comparing this to the prior year, there was a slight improvement as the number of days of payables was 60.56 days in March 2023. Despite this improvement, the company's payables turnover remains somewhat high relative to earlier periods.

In March 2022, Liveramp Holdings Inc's number of days of payables was 66.81 days, signaling an increase in the time taken to settle payables compared to the prior year. This trend was reversed in March 2021 when the company reduced its payables turnover significantly to 40.19 days, indicating a more efficient management of payables.

Going further back to March 2020, Liveramp Holdings Inc's number of days of payables stood at 44.24 days, showing a moderate increase compared to the efficiency seen in the subsequent year.

Overall, the fluctuation in Liveramp Holdings Inc's number of days of payables over the past five years suggests varying levels of efficiency in managing trade payables. It is important for stakeholders to monitor this metric over time to assess the company's liquidity position and ability to manage its working capital effectively.