SPS Commerce Inc (SPSC)

Number of days of payables

Dec 31, 2024 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
Payables turnover 24.57 25.18 33.70 15.49 24.54 28.18 27.20 30.09 13.60 17.95 32.17 28.98 15.81 32.77 19.13 20.91 18.65 19.23 22.33 20.52
Number of days of payables days 14.86 14.49 10.83 23.56 14.88 12.95 13.42 12.13 26.84 20.34 11.35 12.60 23.09 11.14 19.08 17.45 19.57 18.98 16.34 17.79

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 fluctuated over the past few years. From March 31, 2020, to June 30, 2024, the number of days of payables ranged from a low of 10.83 days to a high of 26.84 days.

The company managed to effectively manage its payables in some periods, indicated by the lower number of days, such as June 30, 2022, and June 30, 2024. Conversely, there were periods where the number of days of payables was higher, like December 31, 2022, and March 31, 2024.

It is important to note that a lower number of days of payables generally indicates that the company is able to pay off its liabilities quicker, which can be a positive sign of financial health and efficiency. On the other hand, a higher number of days of payables might indicate that the company is taking longer to settle its obligations, which could be a cause for further investigation into its financial management practices.