DoubleVerify Holdings Inc (DV)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Payables turnover | 27.95 | 45.14 | 63.16 | |
| Number of days of payables | days | 13.06 | 8.09 | 5.78 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 27.95
= 13.06
DoubleVerify Holdings Inc's number of days of payables has been increasing over the past three years, from 25.86 days at the end of 2021 to 44.27 days at the end of 2023. This indicates that the company is taking longer to pay its suppliers and vendors. A longer number of days of payables can be a positive sign as it allows the company to hold onto cash longer, potentially improving cash flow. However, it could also indicate strained relationships with suppliers if payment terms are being stretched too far. Further analysis of the company's cash flow management and supplier relationships would provide additional insights into the implications of this trend.
Peer comparison
Dec 31, 2023