The Ultimate Software Group (The Ultimate Software Group) Days Payable : 11.59 (As of Mar. 2019)

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What is The Ultimate Software Group Days Payable?

The Ultimate Software Group's average Accounts Payable for the three months ended in Mar. 2019 was $16 Mil. The Ultimate Software Group's Cost of Goods Sold for the three months ended in Mar. 2019 was $129 Mil. Hence, The Ultimate Software Group's Days Payable for the three months ended in Mar. 2019 was 11.59.

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

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

The Ultimate Software Group's Days Payable declined from Mar. 2018 (13.98) to Mar. 2019 (11.59). It may suggest that The Ultimate Software Group accelerated paying its suppliers.

The Ultimate Software Group Days Payable Historical Data

The historical data trend for The Ultimate Software Group'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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The Ultimate Software Group Days Payable Chart

The Ultimate Software Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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12.40

11.33

12.72

15.28

13.59

The Ultimate Software Group Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Days Payable	Get a 7-Day Free Trial															13.98	13.40	10.70	11.41	11.59

Competitive Comparison of The Ultimate Software Group's Days Payable

For the Software - Infrastructure subindustry, The Ultimate Software Group'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.

The Ultimate Software Group's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where The Ultimate Software Group's Days Payable falls into.

The Ultimate Software Group 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.

The Ultimate Software Group's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (16.099	+	16.058)	/	2 )	/	431.734	*	365
=	16.0785					/	431.734	*	365
=	13.59

The Ultimate Software Group's Days Payable for the quarter that ended in Mar. 2019 is calculated as:

	Days Payable (Q: Mar. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2018 )	+	Accounts Payable (Q: Mar. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2019 )	*	Days in Period
=	( (16.058	+	16.825)	/	2 )	/	129.445	*	365 / 4
=	16.4415					/	129.445	*	365 / 4
=	11.59

The Ultimate Software Group Days Payable Related Terms

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The Ultimate Software Group (The Ultimate Software Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Ultimate Software Group Inc (NAS:ULTI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2000 Ultimate Way, Weston, FL, USA, 33326

Website

http://www.ultimatesoftware.com

The Ultimate Software Group is a provider of human capital management software solutions. The firm's UltiPro product suite includes human resources, payroll, and benefits management functionality, available in 12 languages and 35 country-specific localizations. Its solutions manage the complete employee lifecycle from recruitment to retirement, and include talent acquisition and onboarding, performance management, salary planning, budgeting, succession management, reporting, and analytical capabilities. The firm generates revenue through cloud subscription fees and implementation consulting services fees. All of the firm's revenue is generated in the United States and Canada.

Executives