Dayforce Inc. (DAY)

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		13.00	12.61	12.53	12.98	14.24	13.23	14.07	13.98	12.42	14.17	14.48	12.24	12.88	18.34	12.98	13.41	10.55	12.92	14.79	13.52
Number of days of payables	days	28.07	28.95	29.14	28.12	25.64	27.59	25.94	26.10	29.40	25.75	25.21	29.81	28.33	19.90	28.12	27.22	34.59	28.24	24.68	26.99

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.00
= 28.07

The number of days of payables for Dayforce Inc. has shown fluctuations over the past five years. The average number of days of payables has been approximately 28 days over the last 20 quarters. There was a noticeable increase in payables days from the fourth quarter of 2019 to the second quarter of 2020, peaking at 34.59 days in the first quarter of 2020. However, since then, the number of days of payables has generally stabilized around the average of 28 days, with some minor fluctuations. This suggests that Dayforce Inc. has been able to manage its payables efficiently and effectively over the analyzed period.