Cowen (COWN) Days Payable : 64.26 (As of Dec. 2022)

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What is Cowen Days Payable?

Cowen's average Accounts Payable for the three months ended in Dec. 2022 was $248 Mil. Cowen's Cost of Goods Sold for the three months ended in Dec. 2022 was $352 Mil. Hence, Cowen's Days Payable for the three months ended in Dec. 2022 was 64.26.

The historical rank and industry rank for Cowen's Days Payable or its related term are showing as below:

COWN' s Days Payable Range Over the Past 10 Years
Min: 5.96 Med: 32.37 Max: 79.2
Current: 79.2

During the past 13 years, Cowen's highest Days Payable was 79.20. The lowest was 5.96. And the median was 32.37.

COWN's Days Payable is not ranked
in the Capital Markets industry.
Industry Median: 97.91 vs COWN: 79.20

Cowen's Days Payable declined from Dec. 2021 (66.64) to Dec. 2022 (64.26). It may suggest that Cowen accelerated paying its suppliers.

Cowen Days Payable Historical Data

The historical data trend for Cowen's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cowen Days Payable Chart

Cowen Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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47.95

46.52

38.31

36.18

44.57

Cowen Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Days Payable	Get a 7-Day Free Trial															66.64	82.79	123.85	89.96	64.26

Competitive Comparison of Cowen's Days Payable

For the Capital Markets subindustry, Cowen's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cowen's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cowen's Days Payable distribution charts can be found below:

* The bar in red indicates where Cowen's Days Payable falls into.

Cowen Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Cowen's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (123.535	+	169.107)	/	2 )	/	1198.272	*	365
=	146.321					/	1198.272	*	365
=	44.57

Cowen's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (326.589	+	169.107)	/	2 )	/	351.944	*	365 / 4
=	247.848					/	351.944	*	365 / 4
=	64.26

Cowen Days Payable Related Terms

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Cowen (COWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cowen Inc (NAS:COWN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

599 Lexington Avenue, 20th Floor, New York, NY, USA, 10022

Website

https://www.cowen.com

Cowen provides financial services in two segments: the operating company, which includes Cowen Investment Management, investment banking, the markets division, and the research division; and the asset company, which consists of private investments, real estate investments and other legacy investment strategies. Cowen offers investment management services to institutional investors worldwide. The company offers its investment banking and research services to corporations and institutional investors in the U.S. and Europe. Revenue comes primarily through investment banking and brokerage services.

Executives

Lorence H. Kim	director	C/O SERES HEALTH, INC., 161 FIRST STREET, CAMBRIDGE MA 02472
Brett H Barth	director	COWEN INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Stephen Lasota	officer: Chief Financial Officer	599 LEXINGTON AVENUE, NEW YORK NY 10022
John J Holmes	officer: Chief Administrative Officer	COWEN GROUP, INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Owen S Littman	officer: General Counsel	COWEN GROUP, INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Jeffrey M Solomon	10 percent owner, officer: Chmn Inv Comm/Prod Dev	599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Gregg A Gonsalves	director	C/O CEDAR REALTY TRUST, INC., 44 SOUTH BAYLES AVENUE, PORT WASHINGTON NY 11050
Lawrence E Leibowitz	director	C/O NYSE EURONEXT, 11 WALL STREET, NEW YORK NY 10005
Margaret L Poster	director	C/O COWEN INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Peter A Cohen	director, 10 percent owner, officer: Chairman, CEO, President	40 WEST 57TH STREET, SUITE 2020, NEW YORK NY 10019
Douglas Rediker	director	599 LEXINGON AVENUE, NEW YORK NY 11022
Michael Singer	officer: CEO & President, Ramius LLC	599 LEXINGTON AVENUE, NEW YORK NY 10022
Jerome S Markowitz	director	C/O COUGAR TRADING, 375 PARK AVENUE, NEW YORK NY 10021
Labranche George M L Iv	director, officer: Senior Managing Director	ONE EXCHANGE PLAZA, NEW YORK NY 10006-3008
Labranche & Co Inc	other: See Footnotes (1) and (2)	ONE EXCHANGE PLAZA, NEW YORK NY 10006-3008