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.