Liveramp Holdings Inc (RAMP)

Number of days of payables

		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	Sep 30, 2019	Jun 30, 2019
Payables turnover		6.15	4.28	4.97	5.47	4.72	6.11	7.01	6.93	5.35	5.52	8.23	10.78	8.95	9.70	8.36	8.52	8.06	9.50	9.77	14.24
Number of days of payables	days	59.37	85.29	73.39	66.72	77.29	59.72	52.10	52.66	68.21	66.12	44.35	33.86	40.80	37.63	43.65	42.82	45.28	38.41	37.38	25.64

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.15
= 59.37

Liveramp Holdings Inc has shown fluctuating trends in its number of days of payables over the past few quarters. The company's number of days of payables ranged from a low of 25.64 days to a high of 85.29 days. The average number of days of payables for the company during this period was approximately 53 days.

In general, a lower number of days of payables indicates that the company takes less time to pay its suppliers, potentially signaling strong liquidity or efficient working capital management. Conversely, a higher number of days of payables suggests that the company takes longer to settle its payables, which could indicate potential cash flow constraints or supplier management issues.

It is important for investors and analysts to monitor changes in the number of days of payables over time to gain insights into the company's financial health, operational efficiency, and relationships with suppliers. Additional analysis and comparison with industry peers may provide a better understanding of Liveramp Holdings Inc's payables management practices and overall financial performance.