Liquidity Services Inc (LQDT)

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		6.97	5.72	4.93	4.90	6.30	4.64	4.03	4.61	5.74	4.32	4.21	4.28	6.32	7.40	5.82	9.23	15.50	8.44	3.36	2.44
Number of days of payables	days	52.37	63.79	74.07	74.49	57.96	78.64	90.67	79.24	63.62	84.46	86.70	85.30	57.74	49.32	62.67	39.54	23.55	43.23	108.63	149.58

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.97
= 52.37

Liquidity Services Inc's number of days of payables has varied over the past eight quarters, ranging from a low of 83.21 days in Q1 2024 to a high of 148.74 days in Q3 2022. The trend indicates that the number of days of payables has been fluctuating, with some quarters showing shorter payment periods and others longer. This variability may suggest different payment practices or changes in the company's relationship with its suppliers during this period. Further analysis and comparison with industry benchmarks would provide additional insights into the efficiency of Liquidity Services Inc's payables management.