WidePoint (WidePoint) Days Payable

: 49.89 (As of Dec. 2023)

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WidePoint's average Accounts Payable for the three months ended in Dec. 2023 was $13.2 Mil. WidePoint's Cost of Goods Sold for the three months ended in Dec. 2023 was $24.2 Mil. Hence, WidePoint's Days Payable for the three months ended in Dec. 2023 was 49.89.

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

WYY' s Days Payable Range Over the Past 10 Years
Min: 39.03 Med: 46.84 Max: 119.54
Current: 53.28

During the past 13 years, WidePoint's highest Days Payable was 119.54. The lowest was 39.03. And the median was 46.84.

WYY's Days Payable is ranked better than
50.93% of 2523 companies
in the Software industry
Industry Median: 51.49 vs WYY: 53.28

WidePoint's Days Payable declined from Dec. 2022 (63.71) to Dec. 2023 (49.89). It may suggest that WidePoint accelerated paying its suppliers.

WidePoint Days Payable Historical Data

The historical data trend for WidePoint'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.

WidePoint Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

45.32

56.85

119.54

52.27

50.78

WidePoint Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																63.71	55.48	53.82	56.89	49.89

Competitive Comparison

For the Information Technology Services subindustry, WidePoint'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.

WidePoint Days Payable Distribution

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

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

WidePoint 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.

WidePoint'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
=	( (12.515	+	12.634)	/	2 )	/	90.38	*	365
=	12.5745					/	90.38	*	365
=	50.78

WidePoint'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
=	( (13.855	+	12.634)	/	2 )	/	24.225	*	365 / 4
=	13.2445					/	24.225	*	365 / 4
=	49.89

WidePoint Days Payable Related Terms

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WidePoint (WidePoint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WidePoint Corp (AMEX:WYY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ZMX1:Germany

Address

11250 Waples Mill Road, Suite 210, South Tower, Fairfax, VA, USA, 22030

Website

https://www.widepoint.com

WidePoint Corp is a provider of Technology Management as a Service (TMaaS) that consists of federally certified communications management, identity management, interactive bill presentment and analytics, and Information Technology as a Service solution. Its solutions include Telecom Lifecycle Management, Digital billing communications solutions, and Mobile and Identity management. Geographic regions are North America and Europe, and the majority of the revenue comes from North America.

Executives

James Bernard Rice	director	11250 WAPLES MILL ROAD, SOUTH TOWER, SUITE 210, FAIRFAX VA 22030
Julia A Bowen	director	7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22012
Ian Sparling	officer: CEO, Soft-Ex	7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102
Robert J George	officer: Chief Financial Officer
John J Fitzgerald	director	2000 EDMUND HALLEY DR, RESTON VA 20191
Jason Holloway	officer: EVP and Chief Sales and Market	C/O 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102
Todd Dzyak	officer: COO	11250 WAPLES MILL ROAD, SOUTH TOWER 210, FAIRFAX VA 22030
Philip N Garfinkle	director	C/O WIDEPOINT CORPORATION, 11250 WAPLES MILL ROAD, SUITE 210, FAIRFAX VA 22030
Jin Kang	officer: President - iSYS, LLC	1163 DALEVIEW DRIVE, MCLEAN VA 22102
Otto J Guenther	director	8611 CROSS OAKS LN, FAIRFAX STATION VA 22039
Richard L Todaro	director	C/O GREAT AMERICAN GROUP, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Kellie H Kim	officer: Chief Financial Officer	11250 WAPLES MILL ROAD, SUITE 210, FAIRFAX VA 22030
Nokomis Capital, L.l.c.	10 percent owner	1717 MCKINNEY AVENUE, SUITE 850, DALLAS TX 75202
Morton S Taubman	director	1201 FIFTEENTH STREET, N.W., SECOND FLOOR, WASHINGTON DC 20005
Kito Mussa	officer: Interim CFO	C/O 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102