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