Etherstack (ASX:ESK) Days Payable : 101.70 (As of Dec. 2023)

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What is Etherstack Days Payable?

Etherstack's average Accounts Payable for the six months ended in Dec. 2023 was A$2.08 Mil. Etherstack's Cost of Goods Sold for the six months ended in Dec. 2023 was A$3.73 Mil. Hence, Etherstack's Days Payable for the six months ended in Dec. 2023 was 101.70.

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

ASX:ESK' s Days Payable Range Over the Past 10 Years
Min: 37.02 Med: 193.99 Max: 392.82
Current: 92.29

During the past 12 years, Etherstack's highest Days Payable was 392.82. The lowest was 37.02. And the median was 193.99.

ASX:ESK's Days Payable is ranked better than
66.93% of 2531 companies
in the Software industry
Industry Median: 50.36 vs ASX:ESK: 92.29

Etherstack's Days Payable declined from Dec. 2022 (114.57) to Dec. 2023 (101.70). It may suggest that Etherstack accelerated paying its suppliers.

Etherstack Days Payable Historical Data

The historical data trend for Etherstack'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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Etherstack Days Payable Chart

Etherstack Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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256.90

135.69

132.06

73.07

37.02

Etherstack Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															223.39	254.26	114.57	145.70	101.70

Competitive Comparison of Etherstack's Days Payable

For the Software - Application subindustry, Etherstack'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.

Etherstack's Days Payable Distribution in the Software Industry

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

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

Etherstack 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.

Etherstack'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
=	( (0.67	+	0.622)	/	2 )	/	6.369	*	365
=	0.646					/	6.369	*	365
=	37.02

Etherstack'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.534	+	0.622)	/	2 )	/	3.729	*	365 / 2
=	2.078					/	3.729	*	365 / 2
=	101.70

Etherstack Days Payable Related Terms

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Etherstack (ASX:ESK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Etherstack PLC (ASX:ESK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

30-31 Friar Street, 3rd Floor South, Reading, Berkshire, GBR, RG1 1DX

Website

https://www.etherstack.com

Etherstack PLC specializes in communications wireless technology. It designs, develops and deploys wireless communications software and products. It develops software for use in transceivers, which enables the transceiver to communicate with a radio network and other transceivers. In addition, it also licenses its software and designs to companies who manufacture telecommunication equipment for government public safety agencies and utilities. Geographically, the firm operates through the region of the United Kingdom, the United States, Japan, Australia and New Zealand.

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