Dynavax Technologies Corporation (DVAX)

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		39.13	84.45	94.14	51.33	123.13	160.61	85.38	16.12	106.10	25.30	7.09	26.37	25.33	16.93	34.30	22.43	10.81	12.51	8.08	6.52
Number of days of payables	days	9.33	4.32	3.88	7.11	2.96	2.27	4.27	22.65	3.44	14.43	51.51	13.84	14.41	21.56	10.64	16.27	33.76	29.18	45.17	55.94

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 39.13
= 9.33

To analyze Dynavax Technologies Corp.'s number of days of payables, we observe fluctuations over time. The number of days of payables has varied significantly, ranging from as low as 4.30 days in Q3 2022 to as high as 39.02 days in Q1 2022.

A decreasing trend can be identified from Q1 2022 to Q3 2023, indicating that the company has been paying its payables more quickly over the recent quarters. Notably, the number of days of payables decreased sharply from 39.02 days in Q1 2022 to 4.30 days in Q3 2022 before showing slight fluctuations.

The efficiency in managing payables is crucial for working capital management as a lower number of days of payables reflects a quicker conversion of inventory into sales or more timely payments to suppliers. The decreasing trend in the number of days of payables suggests that Dynavax Technologies Corp. has been improving its payables management efficiency, potentially enhancing its liquidity position and financial health.