DoubleVerify Holdings Inc (DV)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 27.95 | 35.08 | 36.05 | 28.56 | 44.69 | 23.39 | 45.25 | 70.93 | 63.16 | ||||
| Number of days of payables | days | 13.06 | 10.41 | 10.12 | 12.78 | 8.17 | 15.61 | 8.07 | 5.15 | 5.78 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 27.95
= 13.06
The number of days of payables for DoubleVerify Holdings Inc has shown variability over the past eight quarters. In Q4 2023, the number of days of payables stood at 44.27 days, marking an increase from the previous quarter. This suggests that the company took longer to pay its suppliers compared to Q3 2023 when it was 35.38 days.
Looking back to Q2 2023 and Q1 2023, the number of days of payables remained relatively stable at around 35 days. However, in contrast, there was a notable increase in payables days in Q4 2022, with the company taking 31.29 days to pay its obligations.
The trend in payables days becomes more apparent when considering Q3 and Q2 of 2022, where the numbers were high at 62.03 and 32.58 days, respectively. This indicates a considerable improvement in the speed of paying suppliers by Q2 2022.
Overall, the average number of days of payables over the past eight quarters seems to hover around 35-40 days, indicating that DoubleVerify Holdings Inc generally maintains a consistent approach to paying its trade payables over a medium-term horizon.
Peer comparison
Dec 31, 2023