DoorDash, Inc. Class A Common Stock (DASH)

Number of days of payables

		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		17.79	17.70	28.58	32.15	23.89	21.25	29.36	23.98	18.72	22.85	13.48	13.83	12.50	14.52	25.26	20.51	23.16	17.10	34.48
Number of days of payables	days	20.52	20.62	12.77	11.35	15.28	17.18	12.43	15.22	19.50	15.97	27.07	26.39	29.19	25.13	14.45	17.80	15.76	21.35	10.58

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.79
= 20.52

The number of days of payables for DoorDash, Inc. Class A Common Stock exhibits notable fluctuations over the analyzed period. Starting at 10.58 days as of September 30, 2020, there was a significant increase to 21.35 days by December 31, 2020. The figure then decreased to 15.76 days in March 2021 and slightly rose to 17.80 days by June 2021. By September 2021, this metric declined again to 14.45 days, but then increased substantially to 25.13 days at the end of 2021.

In 2022, the days of payables generally trended higher, peaking at 29.19 days in March 2022 before decreasing to 26.39 days in June. The figure slightly increased to 27.07 days in September 2022 and subsequently declined sharply to 15.97 days at the end of the year. Moving into 2023, the days of payables rose again to 19.50 days in March before decreasing to 15.22 days in June. By September 2023, the number further decreased to 12.43 days, with a moderate increase to 17.18 days by the end of December 2023.

In the most recent data, the days of payables hovered around 11.35 days in June 2024, increased slightly to 12.77 days in September 2024, and then rose again to 20.62 days by the end of December 2024. The figure remained relatively stable into the first quarter of 2025 at approximately 20.52 days. Overall, the trend indicates periods of both expansion and contraction in the payables cycle, reflecting potential changes in vendor receivables management or shifts in operational and financial strategies over time.