PDF Solutions Inc (PDFS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 20.21 | 7.50 | 7.96 | 8.36 | 4.38 | |
| Number of days of payables | days | 18.06 | 48.67 | 45.87 | 43.67 | 83.26 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.21
= 18.06
The number of days of payables for PDF Solutions Inc. has shown a decreasing trend over the past five years, indicating an improvement in the company's ability to pay its suppliers. As of December 31, 2023, the company takes approximately 18.06 days to settle its payables, a significant decrease from 83.26 days in December 2019. This suggests that the company has become more efficient in managing its accounts payable, potentially benefiting from better negotiation terms with suppliers or streamlining its payment processes. The decreasing trend in days of payables reflects positively on PDF Solutions Inc.'s liquidity position and working capital management.
Peer comparison
Dec 31, 2023