Digi International Inc (DGII)

Number of days of payables

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Payables turnover		7.33	8.70	8.42	11.38	11.23	8.89	9.11	5.99	5.31	5.78	6.68	6.39	6.29	7.49	7.28	6.03	4.82	6.11	7.68	5.81
Number of days of payables	days	49.80	41.94	43.35	32.07	32.49	41.05	40.05	60.98	68.72	63.10	54.64	57.11	58.07	48.72	50.16	60.50	75.72	59.73	47.50	62.87

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.33
= 49.80

The number of days of payables for Digi International Inc has fluctuated over the past several quarters. As of September 30, 2024, the company took approximately 49.80 days to pay its suppliers. This represents an increase from the previous quarter where the number of days of payables was 41.94 days, indicating a lengthening of the payment period.

Looking further back, there has been some variability in the number of days of payables, with an apparent trend of fluctuation. The highest number of days of payables was observed on December 31, 2022, at 60.98 days, while the lowest was on December 31, 2019, at 47.50 days.

Overall, the number of days of payables can provide insights into the company's payment practices and liquidity management. A longer number of days of payables may indicate that the company is taking longer to settle its obligations to suppliers, potentially reflecting difficulties in managing cash flow or negotiations with creditors. However, it is important to consider industry norms and the company's specific circumstances when interpreting this ratio.