Dynavax Technologies Corporation (DVAX)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 207,455 | 397,373 | 278,028 | 86,029 | 106,459 |
| Payables | US$ in thousands | 5,245 | 3,211 | 2,600 | 3,312 | 9,278 |
| Payables turnover | 39.55 | 123.75 | 106.93 | 25.97 | 11.47 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $207,455K ÷ $5,245K
= 39.55
The payables turnover ratio for Dynavax Technologies Corp. has exhibited significant fluctuations over the past five years. In 2023, the payables turnover ratio was 9.56, indicating that the company converted its accounts payable into purchases almost 9.56 times during the year. This represents a decrease from the exceptionally high ratio of 81.64 in 2022.
The substantial drop in the payables turnover ratio from 2022 to 2023 suggests that Dynavax Technologies Corp. took longer to pay off its suppliers in 2023 compared to the previous year. This could be attributed to changes in the company's payment terms or supplier relationships.
Looking back further, the payables turnover ratios for 2021, 2020, and 2019 were 66.76, 4.20, and 2.09, respectively. These figures show variations in how efficiently the company managed its accounts payable during those years.
Overall, Dynavax Technologies Corp.'s payables turnover has experienced fluctuations, indicating changes in the company's payment practices and possibly its relationships with suppliers. Further analysis and context regarding the company's operations and industry dynamics would be necessary to fully understand the implications of these fluctuations in the payables turnover ratio.
Peer comparison
Dec 31, 2023