Perficient Inc (PRFT)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		41.02	30.88	24.87	6.29	21.90
Number of days of payables	days	8.90	11.82	14.68	57.99	16.67

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 41.02
= 8.90

The number of days of payables for Perficient Inc. has shown a decreasing trend over the past five years. As of December 31, 2023, the company takes approximately 11.87 days to pay its suppliers, which is a lower duration compared to the previous years. This indicates that Perficient is managing its accounts payable more efficiently, possibly negotiating better payment terms with its suppliers or streamlining its payment processes. The decreasing trend in the number of days of payables suggests improved liquidity and working capital management for the company.