Trade Desk Inc (TTD)

Number of days of payables

Jun 30, 2025 Mar 31, 2025 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
Payables turnover 0.20 0.21 0.18 0.18 0.17 0.18 0.16 0.17 0.17 0.18 0.15 0.16 0.16 0.17 0.13 0.16 0.16 0.17 0.13 0.19
Number of days of payables days 1,802.10 1,712.79 2,034.68 2,010.71 2,089.48 2,015.38 2,345.39 2,115.10 2,184.38 2,026.35 2,429.78 2,246.25 2,230.18 2,183.80 2,727.66 2,308.24 2,255.59 2,204.74 2,752.58 1,924.44

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.20
= 1,802.10

The analysis of Trade Desk Inc.'s number of days of payables over the specified periods reveals considerable fluctuations with an overall upward trend from September 30, 2020, through December 31, 2023, followed by a subsequent decline projected into mid-2025.

Initially, the days of payables experienced a sharp increase from approximately 1,924 days as of September 30, 2020, to a peak of approximately 2,752 days as of December 31, 2020. This substantial rise indicates a significant extension in the company's payable periods during that timeframe. The upward trajectory persisted into 2021, reaching around 2,727 days by the end of that year, suggesting continued elongation in payment cycles.

Throughout 2022 and early 2023, the figures remained elevated with minor fluctuations, showing values such as approximately 2,246 days on September 30, 2022, and around 2,031 days as of March 31, 2023. During this period, some stabilization and slight declines are observed, yet the number of days of payables remained notably high relative to the initial figures in 2020.

From late 2023 onward, a declining trend is evident. By December 31, 2023, the number of days of payables decreased to roughly 2,345 days. Continuing into 2024 and 2025, the trend persists, with the values dropping further to approximately 2,016 days as of March 31, 2024, and into the range of approximately 1,713 days by March 31, 2025. This reduction suggests an acceleration in the company's payment processes or a strategic effort to shorten payable periods.

In summary, the data reflects a period of elongation in Trade Desk Inc.'s payable days from late 2020 through late 2023, indicative of extended payment cycles or negotiated payment terms. Subsequently, a notable contraction commencing in 2024 points toward a trend of tightening payment policies or improvements in cash management practices.