SPS Commerce Inc (SPSC)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 24.57 | 24.54 | 13.60 | 15.81 | 18.65 | |
| Number of days of payables | days | 14.86 | 14.88 | 26.84 | 23.09 | 19.57 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 24.57
= 14.86
The number of days of payables for SPS Commerce Inc has seen fluctuations over the past five years. From December 31, 2020, where it stood at 19.57 days, it gradually increased to 23.09 days by December 31, 2021, and further rose to 26.84 days by December 31, 2022. However, there was a notable drop to 14.88 days by December 31, 2023, followed by a slight decrease to 14.86 days by December 31, 2024. This trend indicates that the company has been managing its payables efficiently, extending the payment period over the years, although there was a significant improvement in 2023, possibly indicating stricter payment practices or negotiation power with suppliers.
Peer comparison
Dec 31, 2024