Digi International Inc (DGII)

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		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	6.38	8.75	9.24
Number of days of payables	days	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	57.20	41.70	39.52

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.38
= 32.07

Digi International, Inc.'s number of days of payables has displayed a fluctuating trend over the past eight quarters. In Q1 2024 and Q4 2023, the company was able to manage its payables more efficiently with only 32.72 days and 33.17 days, respectively. This indicates that the company took less time to pay off its creditors during these periods.

However, in Q3 2023 and Q2 2023, the number of days of payables increased to 41.99 days and 41.06 days, respectively. This suggests that Digi International, Inc. took longer to settle its payables during these quarters compared to the more recent ones.

Looking further back, in Q1 2023, the number of days of payables increased significantly to 62.70 days, and even more in Q4 2022 to 70.91 days. This suggests that the company faced challenges in managing its payables efficiently during these periods, possibly indicating liquidity or cash flow issues.

In contrast, there was some improvement in Q3 2022 and Q2 2022, with the number of days of payables decreasing to 65.18 days and 56.48 days, respectively. However, these figures still indicate that the company took a relatively long time to settle its payables during those quarters.

Overall, Digi International, Inc.'s number of days of payables has varied significantly over the past eight quarters, with some quarters showing more efficient management of payables while others reflecting challenges in timely payment to creditors.