CEVA Inc (CEVA)

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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		13.43	23.31	28.77	18.14	17.10	14.42	10.70	6.56	11.49	7.52	5.33	12.69	12.02	12.86	8.80	11.71	14.42	7.03	15.70	10.67
Number of days of payables	days	27.17	15.66	12.69	20.12	21.35	25.32	34.11	55.60	31.76	48.53	68.50	28.77	30.36	28.39	41.50	31.16	25.32	51.95	23.25	34.21

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.43
= 27.17

To analyze Ceva Inc.'s number of days of payables, we observed fluctuations over the past eight quarters. The number of days of payables has displayed variations, indicating changes in the company's payment practices to its vendors and suppliers.

In Q4 2023, the number of days of payables increased to 36.16 days compared to the previous quarter's figure of 23.31 days in Q3 2023. This suggests that Ceva Inc. took longer to settle its payables in Q4 2023. However, the number of days of payables in Q4 2023 was still lower than Q1 2023, indicating an overall improvement in managing payables efficiency since the beginning of the year.

Comparing year-over-year data, in Q4 2023, the days of payables were slightly higher than the same quarter in 2022 (26.92 days). This implies that in Q4 2023, Ceva Inc. took longer to pay its obligations compared to the previous year.
Overall, while there were fluctuations in the number of days of payables, a detailed analysis of Ceva Inc.'s payment cycle efficiency and liquidity management is recommended to assess the impact of these variations on the company's financial health and vendor relationships.