Perficient Inc (PRFT)

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		38.61	47.13	44.37	48.71	28.77	35.80	32.31	28.71	22.96	29.58	20.72	31.99	19.58	29.74	29.88	30.76	20.24	31.76	27.95	33.94
Number of days of payables	days	9.45	7.74	8.23	7.49	12.69	10.20	11.30	12.72	15.90	12.34	17.61	11.41	18.64	12.27	12.22	11.87	18.03	11.49	13.06	10.75

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 38.61
= 9.45

Perficient Inc.'s number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the company took approximately 11.87 days to pay its outstanding payables, which was higher than the previous quarter at 9.73 days in Q3 2023. This indicates a slight delay in settling its obligations to suppliers or vendors. However, compared to the same period last year in Q4 2022 at 16.08 days, the number of days of payables has decreased, suggesting an improvement in the company's ability to manage its payables more efficiently.

On average, Perficient Inc. takes around 12.22 days to pay its payables over the eight quarters analyzed. The declining trend in recent quarters may signify better liquidity management or negotiation terms with suppliers. It is essential to monitor this metric closely to ensure that the company maintains a balance between optimizing cash flow and maintaining good relationships with its creditors.