Covisint (Covisint) Days Payable : 51.62 (As of Mar. 2017)

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What is Covisint Days Payable?

Covisint's average Accounts Payable for the three months ended in Mar. 2017 was $4.35 Mil. Covisint's Cost of Goods Sold for the three months ended in Mar. 2017 was $7.69 Mil. Hence, Covisint's Days Payable for the three months ended in Mar. 2017 was 51.62.

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

COVS's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.145
* Ranked among companies with meaningful Days Payable only.

Covisint's Days Payable declined from Mar. 2016 (58.44) to Mar. 2017 (51.62). It may suggest that Covisint accelerated paying its suppliers.

Covisint Days Payable Historical Data

The historical data trend for Covisint'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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Covisint Days Payable Chart

Covisint Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Days Payable

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16.28

20.50

31.87

66.64

41.06

Covisint Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Days Payable	Get a 7-Day Free Trial															58.44	56.71	50.45	58.62	51.62

Competitive Comparison of Covisint's Days Payable

For the Software - Application subindustry, Covisint'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.

Covisint's Days Payable Distribution in the Software Industry

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

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

Covisint 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.

Covisint's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

	Days Payable (A: Mar. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2016 )	+	Accounts Payable (A: Mar. 2017 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2017 )	*	Days in Period
=	( (5.061	+	2.427)	/	2 )	/	33.279	*	365
=	3.744					/	33.279	*	365
=	41.06

Covisint's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

	Days Payable (Q: Mar. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2016 )	+	Accounts Payable (Q: Mar. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
=	( (6.267	+	2.427)	/	2 )	/	7.685	*	365 / 4
=	4.347					/	7.685	*	365 / 4
=	51.62

Covisint Days Payable Related Terms

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

Covisint (Covisint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Covisint Corp (NAS:COVS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.covisint.com

Covisint Corp incorporated in April 2008 provides a cloud Platform for the development of identity-centric and IoT solutions. It packages and markets the Covisint Cloud Platform as three different offerings namely, The Covisint Identity Platform, The Covisint IoT Platform, and The Covisint Connected Vehicle Platform. The Covisint Platform offers a complete and tightly integrated set of technologies for one purpose- to enable trusted information sharing and secure interactions across people, systems and things. It offer these capabilities via the public cloud, and exposed via APIs, to enable developers to create custom solutions to transform their businesses.

Executives

William O Grabe	director	C/O COMPUWARE CORP, DETROIT MI 48226
John F. Smith	director	ONE DAUCH DR., DETROIT MI 48211
Dr. Homaira Akbari	director	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224

Covisint (Covisint) Headlines

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