3D Systems Corporation (DDD)

Number of days of payables

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Payables turnover		20.51	16.95	12.04	9.92	11.64	11.15	11.15	9.72	10.57	10.53	12.46	12.25	12.54	12.58	15.15	11.40	11.15	12.86	12.39	11.24
Number of days of payables	days	17.80	21.54	30.31	36.78	31.37	32.72	32.73	37.54	34.53	34.66	29.30	29.79	29.11	29.01	24.09	32.02	32.73	28.38	29.45	32.47

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.51
= 17.80

The number of days of payables for 3D Systems Corporation has shown fluctuations over the past several quarters, indicating varying payment practices with its suppliers.

The trend in the number of days of payables suggests that the company is taking longer to pay its suppliers in recent quarters compared to previous periods, with a notable increase from around 24 to 37 days. This may indicate potential cash flow challenges or a deliberate strategy to optimize working capital.

It is important to closely monitor the number of days of payables as an increasing trend could signal potential liquidity issues or strained supplier relationships. Conversely, a decreasing trend could indicate more efficient cash management but may also raise concerns regarding supplier satisfaction and future credit terms.

Overall, understanding the dynamics behind the number of days of payables can provide valuable insights into 3D Systems Corporation's financial health, cash flow management, and relationships with its suppliers.