Ctac NV (FRA:TAC) Days Payable : 83.61 (As of Dec. 2023)

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What is Ctac NV Days Payable?

Ctac NV's average Accounts Payable for the six months ended in Dec. 2023 was €19.7 Mil. Ctac NV's Cost of Goods Sold for the six months ended in Dec. 2023 was €43.1 Mil. Hence, Ctac NV's Days Payable for the six months ended in Dec. 2023 was 83.61.

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

FRA:TAC' s Days Payable Range Over the Past 10 Years
Min: 27.59 Med: 31.36 Max: 81.96
Current: 60.25

During the past 13 years, Ctac NV's highest Days Payable was 81.96. The lowest was 27.59. And the median was 31.36.

FRA:TAC's Days Payable is ranked better than
55.14% of 2530 companies
in the Software industry
Industry Median: 49.765 vs FRA:TAC: 60.25

Ctac NV's Days Payable increased from Dec. 2022 (78.68) to Dec. 2023 (83.61). It may suggest that Ctac NV delayed paying its suppliers.

Ctac NV Days Payable Historical Data

The historical data trend for Ctac NV'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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Ctac NV Days Payable Chart

Ctac NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.93

27.59

27.70

32.49

31.79

Ctac NV 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															35.51	67.09	78.68	67.12	83.61

Competitive Comparison of Ctac NV's Days Payable

For the Information Technology Services subindustry, Ctac NV'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.

Ctac NV's Days Payable Distribution in the Software Industry

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

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

Ctac NV 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.

Ctac NV'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
=	( (8.329	+	8.482)	/	2 )	/	96.5	*	365
=	8.4055					/	96.5	*	365
=	31.79

Ctac NV'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
=	( (30.977	+	8.482)	/	2 )	/	43.066	*	365 / 2
=	19.7295					/	43.066	*	365 / 2
=	83.61

Ctac NV Days Payable Related Terms

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Ctac NV (FRA:TAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ctac NV (FRA:TAC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CTAC:Netherlands

Address

Meerendonkweg 11, ’s-Hertogenbosch, NB, NLD, 5216 TZ

Website

https://www.ctac.nl

Ctac NV is a business and cloud integrator that provides a broad portfolio of systems, administration, and products (SAP) and Microsoft solutions on the cloud. It also provides business consultancy, managed services, project, learning, and secondment services. The company provides services to the retail, manufacturing, wholesale, third-party logistics, and consumer products industries. The essential product of the company is XV retail suite. The company classifies its business under geographical segments, including the Netherlands, Belgium, and Others. The Netherlands region generates maximum revenue for the company.