Manhattan Associates (FRA:MHT) Days Payable : 19.44 (As of Mar. 2024)

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What is Manhattan Associates Days Payable?

Manhattan Associates's average Accounts Payable for the three months ended in Mar. 2024 was €23.4 Mil. Manhattan Associates's Cost of Goods Sold for the three months ended in Mar. 2024 was €109.7 Mil. Hence, Manhattan Associates's Days Payable for the three months ended in Mar. 2024 was 19.44.

The historical rank and industry rank for Manhattan Associates's Days Payable or its related term are showing as below:

FRA:MHT' s Days Payable Range Over the Past 10 Years
Min: 17 Med: 22.11 Max: 25.94
Current: 20.88

During the past 13 years, Manhattan Associates's highest Days Payable was 25.94. The lowest was 17.00. And the median was 22.11.

FRA:MHT's Days Payable is ranked worse than
78.38% of 2525 companies
in the Software industry
Industry Median: 50.55 vs FRA:MHT: 20.88

Manhattan Associates's Days Payable declined from Mar. 2023 (22.60) to Mar. 2024 (19.44). It may suggest that Manhattan Associates accelerated paying its suppliers.

Manhattan Associates Days Payable Historical Data

The historical data trend for Manhattan Associates's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Manhattan Associates Days Payable Chart

Manhattan Associates Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.54

27.26

22.16

22.47

21.60

Manhattan Associates Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															22.60	21.71	20.87	21.51	19.44

Competitive Comparison of Manhattan Associates's Days Payable

For the Software - Application subindustry, Manhattan Associates's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Manhattan Associates's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Manhattan Associates's Days Payable distribution charts can be found below:

* The bar in red indicates where Manhattan Associates's Days Payable falls into.

Manhattan Associates Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Manhattan Associates's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (24.262	+	22.474)	/	2 )	/	394.873	*	365
=	23.368					/	394.873	*	365
=	21.60

Manhattan Associates's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (22.474	+	24.289)	/	2 )	/	109.744	*	365 / 4
=	23.3815					/	109.744	*	365 / 4
=	19.44

Manhattan Associates Days Payable Related Terms

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Manhattan Associates (FRA:MHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Manhattan Associates Inc (FRA:MHT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MANH:USA MANH:Mexico

Address

2300 Windy Ridge Parkway, Tenth Floor, Atlanta, GA, USA, 30339

Website

https://www.manh.com

Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers around the world.