Top Image Systems (Top Image Systems) Days Payable : 41.79 (As of Jun. 2018)

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What is Top Image Systems Days Payable?

Top Image Systems's average Accounts Payable for the three months ended in Jun. 2018 was $1.71 Mil. Top Image Systems's Cost of Goods Sold for the three months ended in Jun. 2018 was $3.74 Mil. Hence, Top Image Systems's Days Payable for the three months ended in Jun. 2018 was 41.79.

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

TISA's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.7
* Ranked among companies with meaningful Days Payable only.

Top Image Systems's Days Payable increased from Jun. 2017 (24.06) to Jun. 2018 (41.79). It may suggest that Top Image Systems delayed paying its suppliers.

Top Image Systems Days Payable Historical Data

The historical data trend for Top Image Systems'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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Top Image Systems Days Payable Chart

Top Image Systems Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

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16.11

24.87

35.44

30.14

30.46

Top Image Systems 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															24.06	28.78	34.12	35.28	41.79

Competitive Comparison of Top Image Systems's Days Payable

For the Software - Application subindustry, Top Image Systems'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.

Top Image Systems's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Top Image Systems's Days Payable falls into.

Top Image Systems 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.

Top Image Systems'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
=	( (1.237	+	1.543)	/	2 )	/	16.655	*	365
=	1.39					/	16.655	*	365
=	30.46

Top Image Systems'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	+	1.713)	/	1 )	/	3.74	*	365 / 4
=	1.713					/	3.74	*	365 / 4
=	41.79

Top Image Systems Days Payable Related Terms

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Top Image Systems (Top Image Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Top Image Systems Ltd (NAS:TISA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Ben Gurion Street, PO Box 42, Beser Towers 1, Ramat Gan, ISR, 52573

Website

http://www.topimagesystems.com

Top Image Systems Ltd is a US-based company which is engaged in the development and marketing of a variety of information recognition systems and technologies and automated document capture solutions for the efficient flow of information within and between organizations. The company's solution delivers digital content to the applications that drive an enterprise by using advanced technologies including wireless communications, servers, form processing and information recognition systems. Its technology solutions include content process automation, Banking process, and Financial process automation. The company's products include eFLOW, mobiFLOW, and eFLOW CloudDocs. Most of the company's revenue is earned in North and South America and Asia Pacific region.