Text (LCHTF) Days Payable : 42.96 (As of Dec. 2023)

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What is Text Days Payable?

Text's average Accounts Payable for the three months ended in Dec. 2023 was $2.16 Mil. Text's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.58 Mil. Hence, Text's Days Payable for the three months ended in Dec. 2023 was 42.96.

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

LCHTF' s Days Payable Range Over the Past 10 Years
Min: 21.9 Med: 70.79 Max: 103.3
Current: 77.09

During the past 10 years, Text's highest Days Payable was 103.30. The lowest was 21.90. And the median was 70.79.

LCHTF's Days Payable is ranked better than
61.95% of 2523 companies
in the Software industry
Industry Median: 51.26 vs LCHTF: 77.09

Text's Days Payable declined from Dec. 2022 (117.14) to Dec. 2023 (42.96). It may suggest that Text accelerated paying its suppliers.

Text Days Payable Historical Data

The historical data trend for Text'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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Text Days Payable Chart

Text Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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72.54

95.95

76.36

102.10

103.31

Text Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															117.14	101.79	92.35	81.15	42.96

Competitive Comparison of Text's Days Payable

For the Software - Application subindustry, Text'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.

Text's Days Payable Distribution in the Software Industry

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

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

Text 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.

Text's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (2.765	+	3.739)	/	2 )	/	11.49	*	365
=	3.252					/	11.49	*	365
=	103.31

Text's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.129	+	2.187)	/	2 )	/	4.584	*	365 / 4
=	2.158					/	4.584	*	365 / 4
=	42.96

Text Days Payable Related Terms

Thank you for viewing the detailed overview of Text's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Text (LCHTF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Text SA (OTCPK:LCHTF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TXT:Poland 886:Germany

Address

ul. Zwycieska 47, Wroclaw, POL, 53-033

Website

https://www.text.com

Text SA is a Poland-based company offering services in the SaaS (Software as a Service) model supporting sales and customer service. The company provides better customer service at scale by analyzing, enriching, and automating text communication. It has developed LiveChat, a tool used for direct communication between the website visitor and its owner. For the end user, it has the form of a chat window placed on the website, ChatBot, an all-in-one platform to build and launch conversational chatbots without coding; HelpDesk that supports customers with tickets; KnowledgeBase and OpenWidget.

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