Certara Inc (CERT)

Number of days of payables

		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
Payables turnover		27.27	26.40	35.81	31.12	17.60	43.33	24.04	18.93	14.97
Number of days of payables	days	13.38	13.83	10.19	11.73	20.74	8.42	15.18	19.28	24.39

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 27.27
= 13.38

Certara Inc's number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the company took approximately 13.38 days to pay its payables, a slight decrease from the previous quarter. Compared to Q3 2022, where the number of days of payables was significantly higher at 20.74 days, the current figure indicates an improvement in the company's ability to manage its payables efficiently. However, it is important to note that the number of days of payables has varied widely over the quarters, ranging from as low as 8.42 days in Q3 2022 to as high as 20.74 days in Q4 2022. This variability suggests fluctuations in the company's payment practices and working capital management.