Edgewater Technology (Edgewater Technology) Days Payable : 6.32 (As of Jun. 2018)

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What is Edgewater Technology Days Payable?

Edgewater Technology's average Accounts Payable for the three months ended in Jun. 2018 was $1.2 Mil. Edgewater Technology's Cost of Goods Sold for the three months ended in Jun. 2018 was $16.6 Mil. Hence, Edgewater Technology's Days Payable for the three months ended in Jun. 2018 was 6.32.

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

EDGW's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 51.44
* Ranked among companies with meaningful Days Payable only.

Edgewater Technology's Days Payable increased from Jun. 2017 (2.84) to Jun. 2018 (6.32). It may suggest that Edgewater Technology delayed paying its suppliers.

Edgewater Technology Days Payable Historical Data

The historical data trend for Edgewater Technology'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.

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Edgewater Technology Days Payable Chart

Edgewater Technology Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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3.52

2.54

2.13

2.77

3.55

Edgewater Technology Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Days Payable	Get a 7-Day Free Trial															2.84	2.77	3.26	4.72	6.32

Competitive Comparison of Edgewater Technology's Days Payable

For the Information Technology Services subindustry, Edgewater Technology'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.

Edgewater Technology's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Edgewater Technology's Days Payable distribution charts can be found below:

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

Edgewater Technology 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.

Edgewater Technology's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (0.634	+	0.767)	/	2 )	/	72.055	*	365
=	0.7005					/	72.055	*	365
=	3.55

Edgewater Technology's Days Payable for the quarter that ended in Jun. 2018 is calculated as:

	Days Payable (Q: Jun. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2018 )	+	Accounts Payable (Q: Jun. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
=	( (0.978	+	1.328)	/	2 )	/	16.635	*	365 / 4
=	1.153					/	16.635	*	365 / 4
=	6.32

Edgewater Technology Days Payable Related Terms

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Edgewater Technology (Edgewater Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edgewater Technology Inc (NAS:EDGW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.edgewater.com

Edgewater Technology Inc is a US-based company which acts as a provider of transformational classic and product-based consulting services. It focuses on delivering a range of blended solutions through a combination of industry-specific classic consulting, product-based software consulting and technology consulting services. It operates through three segments namely EPM, ERP and Classic Consulting. EPM (Enterprise Project Management) segment provides business analytics solutions leveraging Oracle EPM, BI (Business Intelligence) and Big data technologies. The ERP (Enterprise resource planning) segment delivers Dynamics AX ERP, BI and CRM (Customer relationship management) solutions and the Classic Consulting segment provides business advisory services blended with technical services.

Executives

Frederick D. Disanto	director, 10 percent owner	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
Timothy Whelan	director	C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS ROAD, PARSIPANNY NJ 07054
Jeffrey L Rutherford	director, officer: Interim President/Interim CEO	15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799
Kurt James Wolf	director	175 BRICKYARD ROAD, ADAMS TOWNSHIP PA 16046
Paul Francis Mcneice	officer: Interim CFO	20 JOHANNA DRIVE, READING MA 01867
Timothy Oakes	officer: Chief Financial Officer	20 HARVARD MILL SQUARE, WAKEFIELD MA 01880
Nancy Leaming	director	C/O HOLOGIC INC, BEDFORD MA 01730
Wayne Wilson	director	29 LAKE AVE., SUNAPEE NH 03782
Kevin R Rhodes	officer: Chief Financial Officer	20 HARVARD MILLS SQUARE, WAKEFIELD MA 01880
Bob L Martin	director	C/O GAP, INC., 2 FOLSOM, SAN FRANCISCO CA 94105