PTC Inc

NASDAQ PTC

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PTC Inc Payables Turnover 1 year YoY Change (%) for the year ending September 30, 2023: 5.51%

PTC Inc Payables Turnover 1 year YoY Change (%) is 5.51% for the year ending September 30, 2023, a 140.74% change year over year. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, while a lower ratio may indicate a slower payment process or potential liquidity issues. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.

PTC Inc Payables Turnover for the year ending September 30, 2022 was 9.61, a -13.53% change year over year.
PTC Inc Payables Turnover for the year ending September 30, 2021 was 11.12, a -17.15% change year over year.
PTC Inc Payables Turnover for the year ending September 30, 2020 was 13.42, a 75.04% change year over year.
PTC Inc Payables Turnover for the year ending September 30, 2019 was 7.67, a 25.68% change year over year.

NASDAQ: PTC

PTC Inc

CEO	Mr. James E. Heppelmann
IPO Date	Dec. 7, 1989
Location	United States
Headquarters	121 Seaport Boulevard, Boston, MA, United States, 02210
Employees	7,438
Sector	Technology
Industry	Software - application

Description

PTC Inc. operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools. and deliver metrics; and Arena, a SaaS PLM solution enables product teams to collaborate virtually to share product and quality information with internal teams and supply chain partners and deliver products to customers. It offers Codebeamer, an application lifecycle management for products and software development; Servigistics, a service parts management solution; and FlexPLM, a solution provides retailers with a single platform for merchandising and line planning, materials management, sampling, and others. In addition, it offers Kepware, a portfolio of industrial connectivity solutions helps companies connect diverse automation devices and software applications; Creo, a 3D CAD technology enables the digital design, testing, and modification of product models; and Onshape, a cloud product development platform that delivers computer-aided design with data management tools. Further, it offers Vuforia, an augmented reality (AR) technology enables the visualization of digital information in a physical context and the creation of AR enabling companies to drive results in manufacturing, service, engineering, and operations; and Arbortext, a dynamic publishing solution streamlines how organizations create, manage, and publish technical documentation. PTC Inc. was incorporated in 1985 and is headquartered in Boston, Massachusetts.

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