PDF Solutions Inc (PDFS)

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		20.21	19.12	21.33	7.68	7.50	9.22	13.69	11.12	7.96	13.20	5.76	40.27	8.36	16.27	12.74	7.06	4.38	15.50	19.91	15.54
Number of days of payables	days	18.06	19.09	17.11	47.54	48.67	39.61	26.65	32.83	45.87	27.66	63.35	9.06	43.67	22.44	28.64	51.69	83.26	23.56	18.33	23.49

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.21
= 18.06

To analyze PDF Solutions Inc.'s number of days of payables, we observe a fluctuating trend in the payables turnover period over the past eight quarters. The average number of days of payables has varied substantially, ranging from a low of 17.11 days in Q2 2023 to a high of 48.67 days in Q4 2022.

A decreasing trend in the number of days of payables implies that the company is taking fewer days to pay its suppliers, which could indicate improved efficiency in managing its accounts payable. Conversely, an increasing trend, as seen in Q4 2022 and Q1 2023, may suggest liquidity challenges or changes in payment terms with suppliers.

Overall, further analysis of PDF Solutions Inc.'s cash flow management, working capital policies, and vendor relationships would provide additional insights into the company's financial performance and operational efficiency.