3D Systems Corporation (DDD)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		17.26	11.35	10.74	14.92	13.19
Number of days of payables	days	21.15	32.17	34.00	24.47	27.67

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.26
= 21.15

3D Systems Corporation's number of days of payables has shown fluctuations over the past five years. The company's ability to settle its accounts payable improved in 2023, with only 21.15 days needed to pay off its short-term debts to suppliers. This indicates that the company took less time to settle its accounts payable in 2023 compared to the previous years. A lower number of days of payables typically suggests that the company is managing its cash flow more efficiently or negotiating better payment terms with its suppliers. However, it is important to consider the context of the industry and any specific circumstances that may have influenced this metric. Overall, a decreasing trend in days of payables can be seen as a positive sign of financial health and working capital management for 3D Systems Corporation.