Ebix (EBIXQ) Days Payable

: 295.75 (As of Sep. 2023)

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Ebix's average Accounts Payable for the three months ended in Sep. 2023 was $105.8 Mil. Ebix's Cost of Goods Sold for the three months ended in Sep. 2023 was $32.7 Mil. Hence, Ebix's Days Payable for the three months ended in Sep. 2023 was 295.75.

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

EBIXQ' s Days Payable Range Over the Past 10 Years
Min: 32.9 Med: 55.59 Max: 166.91
Current: 88.21

During the past 13 years, Ebix's highest Days Payable was 166.91. The lowest was 32.90. And the median was 55.59.

EBIXQ's Days Payable is ranked better than
65.82% of 2525 companies
in the Software industry
Industry Median: 51.49 vs EBIXQ: 88.21

Ebix's Days Payable increased from Sep. 2022 (43.52) to Sep. 2023 (295.75). It may suggest that Ebix delayed paying its suppliers.

Ebix Days Payable Historical Data

The historical data trend for Ebix'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.

Ebix Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

166.91

142.23

69.97

32.90

37.49

Ebix Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable																43.52	41.89	53.60	272.63	295.75

Competitive Comparison

For the Software - Application subindustry, Ebix'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.

Ebix Days Payable Distribution

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

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

Ebix 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.

Ebix's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (70.514	+	77.718)	/	2 )	/	721.515	*	365
=	74.116					/	721.515	*	365
=	37.49

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

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (95.617	+	116.08)	/	2 )	/	32.658	*	365 / 4
=	105.8485					/	32.658	*	365 / 4
=	295.75

Ebix Days Payable Related Terms

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

Ebix (EBIXQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ebix Inc (OTCPK:EBIXQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EWZ:Germany

Address

1 Ebix Way, Johns Creek, GA, USA, 30097

Website

https://www.ebix.com

Ebix Inc is a provider of enterprise cloud e-commerce solutions for the insurance, finance, and healthcare industries. The company derives its revenues primarily from its financial transaction fees, software subscription, and transaction fees, software license fees, risk compliance solutions services fees, and professional service fees, including associated fees for consulting, implementation, training, and project management provided to customers with installed systems and applications. These exchanges connect multiple entities within the insurance and healthcare markets, enabling participants to carry and process data from one entity to another. Ebix generates the majority of its revenue from India.

Executives

Elizabeth A. Lapuma	director	520 LAKE COOK ROAD, SUITE 315, DEERFIELD IL 60015
Jill M Krueger	director
Priyanka Kaul	director	1 EBIX WAY, JOHNS CREEK GA 30097
Senge James Scott Sr	officer: Senior Vice President	1629 SEEGAR ROAD, PITTSBURGH PA 15241
Neil D Eckert	director	62 BISHOPSGATE, LONDON X0 EC2N 4AW
Steven M Hamil	officer: Chief Financial Officer	1 EBIX WAY, JOHNS CREEK GA 30097
Robin Raina	director, officer: Chairman & CEO	5 CONCOURSE PARKWAY S 3200, ATLANTA GA 30328
Pavan Bhalla	director	1109 BRECKENRIDGE LANE, ALPHARETTA GA 30005
Hans Ueli Keller	director	BOHLSTRASSE 25, 6300, ZUG V8 6300
Rolf Herter	director	STOCKERSTRASSE 38, ZURICH V8 CH-8002
Hans U Benz	director	AGERISTRASSE 24, ZUG V8 CH-6300
George Hebard	director	C/O ICAHN CAPITAL LP, 767 FIFTH AVE., SUITE 4700, NEW YORK NY 10153
Robert F Kerris	officer: Chief Financial Officer	2840 TALIMORE COURT, MARIETTA GA 30066
Fondation Rennes	10 percent owner	RATIKONSTRASSE 13, VADUZ, PRINCIPALITY OF LIECHTENSTEIN N2 FL-9490
D'apice Leon Royden Thomas	officer: See Remarks	1 URALBA PLACE, WAHROONGA NSW C3 2076