AudioCodes (AudioCodes) Days Payable : 30.59 (As of Dec. 2023)

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What is AudioCodes Days Payable?

AudioCodes's average Accounts Payable for the three months ended in Dec. 2023 was $7.1 Mil. AudioCodes's Cost of Goods Sold for the three months ended in Dec. 2023 was $21.2 Mil. Hence, AudioCodes's Days Payable for the three months ended in Dec. 2023 was 30.59.

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

AUDC' s Days Payable Range Over the Past 10 Years
Min: 22.21 Med: 38.23 Max: 55.79
Current: 36.68

During the past 13 years, AudioCodes's highest Days Payable was 55.79. The lowest was 22.21. And the median was 38.23.

AUDC's Days Payable is ranked worse than
82.03% of 2421 companies
in the Hardware industry
Industry Median: 67.76 vs AUDC: 36.68

AudioCodes's Days Payable declined from Dec. 2022 (44.40) to Dec. 2023 (30.59). It may suggest that AudioCodes accelerated paying its suppliers.

AudioCodes Days Payable Historical Data

The historical data trend for AudioCodes'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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AudioCodes Days Payable Chart

AudioCodes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

22.21

35.01

34.73

36.38

40.08

AudioCodes 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															44.40	44.12	37.49	30.39	30.59

Competitive Comparison of AudioCodes's Days Payable

For the Communication Equipment subindustry, AudioCodes'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.

AudioCodes's Days Payable Distribution in the Hardware Industry

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

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

AudioCodes 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.

AudioCodes'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
=	( (11.338	+	7.556)	/	2 )	/	86.034	*	365
=	9.447					/	86.034	*	365
=	40.08

AudioCodes'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
=	( (6.638	+	7.556)	/	2 )	/	21.167	*	365 / 4
=	7.097					/	21.167	*	365 / 4
=	30.59

AudioCodes Days Payable Related Terms

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AudioCodes (AudioCodes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AudioCodes Ltd (NAS:AUDC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AUDC:Israel AU1:Germany

Address

1 Hayarden Street, Airport City Lod, Tel Aviv, ISR, 7019900

Website

https://www.audiocodes.com

AudioCodes Ltd develops and sells advanced and converged voice over IP and data networking solutions, products and applications to service providers and channels, OEMs, network equipment providers and system integrators. Its products include IP phones, session border controllers, voice applications, multi-service business routers, digital and analog media gateways, among others. The company generates revenues from the sale of products through a direct sales force and sales representatives. Its geographic segments are Israel, Americas, Europe, and the Far East. It derives a majority of the revenues from Americas segment.

Executives

George Soros	10 percent owner	C/O SOROS FUND MANAGEMENT LLC, 250 WEST 55TH STREET, FLOOR 29, NEW YORK NY 10019
Soros Fund Management Llc	10 percent owner	250 WEST 55TH STREET, FLOOR 29, NEW YORK NY 10019
Robert Soros	10 percent owner	C/O SOROS FUND MANAGEMENT LLC, 250 WEST 55TH STREET, FLOOR 38, NEW YORK NY 10019
Soros Jonathan T Allan	10 percent owner	C/O JS CAPITAL MANAGEMENT LLC, 888 SEVENTH AVENUE, FLOOR 40, NEW YORK NY 10106