Dynavax Technologies Corporation (DVAX)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		39.55	123.75	106.93	25.97	11.47
Number of days of payables	days	9.23	2.95	3.41	14.05	31.81

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 39.55
= 9.23

The number of days of payables for Dynavax Technologies Corp. has fluctuated significantly over the past five years, indicating changes in the company's payment practices.

In 2019, the company took an average of 174.66 days to pay its suppliers, which could suggest cash flow challenges or lenient supplier terms. However, this number improved considerably in 2020, dropping to 86.91 days, indicating an effort to manage payables more efficiently or negotiate better terms with suppliers.

By 2021, the number of days of payables decreased further to 5.47 days, which could indicate a more aggressive approach to managing working capital or stricter payment terms with suppliers. The figure remained relatively low in 2022 at 4.47 days, possibly reflecting tight control over payables and an efficient cash conversion cycle.

In 2023, the number of days of payables increased to 38.16 days, suggesting a slight relaxation in payment terms compared to the previous year. This shift could be a strategic decision to optimize cash flow or reflect changing dynamics in the company's supplier relationships.

Overall, the trend in the number of days of payables for Dynavax Technologies Corp. reflects an evolving approach to managing supplier payments, with efforts to strike a balance between cash flow efficiency and maintaining positive relationships with suppliers.