Innodata (Innodata) Days Payable

: 14.55 (As of Dec. 2023)

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Innodata's average Accounts Payable for the three months ended in Dec. 2023 was $2.54 Mil. Innodata's Cost of Goods Sold for the three months ended in Dec. 2023 was $15.95 Mil. Hence, Innodata's Days Payable for the three months ended in Dec. 2023 was 14.55.

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

INOD' s Days Payable Range Over the Past 10 Years
Min: 8.77 Med: 13.62 Max: 17.41
Current: 16.66

During the past 13 years, Innodata's highest Days Payable was 17.41. The lowest was 8.77. And the median was 13.62.

INOD's Days Payable is ranked worse than
83.82% of 2521 companies
in the Software industry
Industry Median: 51.44 vs INOD: 16.66

Innodata's Days Payable declined from Dec. 2022 (19.99) to Dec. 2023 (14.55). It may suggest that Innodata accelerated paying its suppliers.

Innodata Days Payable Historical Data

The historical data trend for Innodata'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.

Innodata Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

15.91

13.56

13.67

15.77

17.41

Innodata Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																19.99	17.21	17.74	16.82	14.55

Competitive Comparison

For the Information Technology Services subindustry, Innodata'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.

Innodata Days Payable Distribution

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

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

Innodata 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.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.63	+	2.662)	/	2 )	/	55.482	*	365
=	2.646					/	55.482	*	365
=	17.41

Innodata'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
=	( (2.424	+	2.662)	/	2 )	/	15.948	*	365 / 4
=	2.543					/	15.948	*	365 / 4
=	14.55

Innodata Days Payable Related Terms

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Innodata (Innodata) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ID6:Germany

Address

55 Challenger Road, Ridgefield Park, NJ, USA, 07660

Website

https://www.innodata.com

Innodata Inc is a digital services and solutions company. It provides technology and services to information products and online retail destinations. The company has three operating segments: Digital data solutions, Synodex, and Agility. It serves publishers, media and information companies, digital retailers, banks, insurance companies, government agencies, and other industries. Geographically, it operates in the United States, United Kingdom, Netherlands, Canada, and Europe.

Executives

Nauman Sabeeh Toor	10 percent owner	C/O INNODATA INC., 55 CHALLENGER ROAD, SUITE 202, RIDGEFIELD PARK NJ 07660
Marissa B Espineli	officer: Interim CFO	55 CHALLENGER ROAD, SUITE 202, RIDGEFIELD PARK NJ 07660
Jack Abuhoff	director, officer: Chairman, CEO, President	THREE UNIVERSITY PLAZA, HACKENSACK NJ 07601
Louise C Forlenza	director	55 CHALLENGER ROAD, RIDGEFIELD PARK NJ 07660
Stewart R Massey	director	3 UNIVERSITY PLAZA, SUITE 506, HACKENSACK NJ 07601
Ashok Mishra	officer: Vice President, Project Deliv	C/O INNODATA ISOGEN, INC., THREE UNIVERSITY PLAZA, HACKENSACK NJ 07601
Mark A Spelker	officer: EVP & Chief Financial Officer	55 CHALLENGER ROAD, SUITE 202, RIDGEFIELD PARK NJ 07660
David B Atkinson	director	C/O INNODATA INC., 55 CHALLENGER ROAD, RIDGEFIELD PARK NJ 07660
Luzich Partners Llc	10 percent owner	5055 W PATRICK LN, SUITE 104, LAS VEGAS NV 89118
Robert Michael O'connor	officer: Chief Financial Officer	53 SORREL RUN, MT. LAUREL NJ 08054
Douglas J Manoni	director	C/O INNODATA INC, 55 CHALLENGER ROAD, RIDGEFIELD PARK NJ 07660
Brian E Kardon	director	C/O INNODATA INC, 55 CHALLENGER ROAD, RIDGEFIELD PARK NJ 07660
Rajat Jain	officer: See Remarks	C/O INNODATA INC., 55 CHALLENGER ROAD, RIDGEFIELD PARK NJ 07660
Michael J. Opat	director	C/O 3 UNIVERSITY PLAZA, SUITE 506, HACKENSACK NJ 07601
Andargachew S Zelleke	director	C/O CAMBRIDGE BANCORP, 1336 MASSACHUSETTS AVENUE, CAMBRIDGE MA 02138