Pros Holdings (Pros Holdings) Days Payable : 12.34 (As of Dec. 2023)

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Pros Holdings Days Payable Definition

Pros Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $3.9 Mil. Pros Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $28.7 Mil. Hence, Pros Holdings's Days Payable for the three months ended in Dec. 2023 was 12.34.

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

PRO' s Days Payable Range Over the Past 10 Years
Min: 14.4 Med: 23.35 Max: 57.82
Current: 16.97

During the past 13 years, Pros Holdings's highest Days Payable was 57.82. The lowest was 14.40. And the median was 23.35.

PRO's Days Payable is ranked worse than
83.47% of 2523 companies
in the Software industry
Industry Median: 51.48 vs PRO: 16.97

Pros Holdings's Days Payable declined from Dec. 2022 (24.73) to Dec. 2023 (12.34). It may suggest that Pros Holdings accelerated paying its suppliers.

Pros Holdings Days Payable Historical Data

The historical data trend for Pros Holdings'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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Pros Holdings Days Payable Chart

Pros Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.52

23.27

14.40

19.89

17.41

Pros Holdings 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															24.73	18.78	17.68	18.62	12.34

Competitive Comparison of Pros Holdings's Days Payable

For the Software - Application subindustry, Pros Holdings'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.

Pros Holdings Days Payable Distribution

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

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

Pros Holdings 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.

Pros Holdings'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
=	( (7.964	+	3.034)	/	2 )	/	115.313	*	365
=	5.499					/	115.313	*	365
=	17.41

Pros Holdings'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
=	( (4.741	+	3.034)	/	2 )	/	28.736	*	365 / 4
=	3.8875					/	28.736	*	365 / 4
=	12.34

Pros Holdings Days Payable Related Terms

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Pros Holdings (Pros Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pros Holdings Inc (NYSE:PRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PH2:Germany

Address

3200 Kirby Drive, Suite 600, Houston, TX, USA, 77098

Website

https://www.pros.com

Pros Holdings Inc. is a provider of cloud-based revenue and profit realization software solutions to business-to-business and business-to-consumer companies. Its solutions assist customers in growing revenue, modernizing business processes, and supporting profitability by leveraging prescriptive analytics and data science-based decision-making technology. The company's solutions enable buyers to move fluidly across its customers' direct sales, partner, online, mobile, and emerging channels with personalized experiences. The firm generates revenue in the United States, Europe, Africa, Asia-Pacific, and Middle East regions.

Executives

Andres Reiner	officer: Senior VP Pricing Solutions	3100 MAIN STREET, SUITE 900, HOUSTON TX 77002
Stefan B Schulz	officer: EVP and CFO	9625 W 76TH STREET, EDEN PRAIRIE MN 55344
Cynthia Johnson	director	3200 KIRBY DR., SUITE 600, HOUSTON TX 77098
Scott William Cook	officer: Sr.VP,Chief Accounting Officer	3100 MAIN ST., SUITE 900, HOUSTON TX 77002
Leland Jourdan	director	3200 KIRBY DR., SUITE 600, HOUSTON TX 77098
Greg Petersen	director	3100 MAIN STREET, SUITE 900, HOUSTON TX 77002
Timothy V Williams	director	3100 MAIN STREET, STE 900, HOUSTON TX 77002
Leslie J Rechan	director	2207 BRIDGEPOINTE PARKWAY, SAN MATEO CA 94404
Roberto D Reiner	officer: EVP, Chief Technology Officer	3100 MAIN ST., SUITE 900, HOUSTON TX 77002
Allessio John P. C.	officer: EVP, Chief Customer Officer	3100 MAIN ST., SUITE 900, HOUSTON TX 77002
Catherine A Lesjak	director	GENERAL ELECTRIC COMPANY, ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Raja Hammoud	director	3100 MAIN ST., SUITE 900, HOUSTON TX 77002
Penny Herscher	director	1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Carlos Dominguez	director	C/O MEDIDATA SOLUTIONS, INC., 79 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10003
Ronald F Woestemeyer	director, 10 percent owner, officer: EVP, Strategic Bus. Planning	3100 MAIN STREET, SUITE 900, HOUSTON TX 77002