Magic Software Enterprises (Magic Software Enterprises) Days Payable : 27.16 (As of Dec. 2023)

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What is Magic Software Enterprises Days Payable?

Magic Software Enterprises's average Accounts Payable for the three months ended in Dec. 2023 was $26.4 Mil. Magic Software Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was $88.6 Mil. Hence, Magic Software Enterprises's Days Payable for the three months ended in Dec. 2023 was 27.16.

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

MGIC' s Days Payable Range Over the Past 10 Years
Min: 14.66 Med: 20.46 Max: 26.76
Current: 25.73

During the past 13 years, Magic Software Enterprises's highest Days Payable was 26.76. The lowest was 14.66. And the median was 20.46.

MGIC's Days Payable is ranked worse than
72.53% of 2519 companies
in the Software industry
Industry Median: 50.96 vs MGIC: 25.73

Magic Software Enterprises's Days Payable increased from Dec. 2022 (22.89) to Dec. 2023 (27.16). It may suggest that Magic Software Enterprises delayed paying its suppliers.

Magic Software Enterprises Days Payable Historical Data

The historical data trend for Magic Software Enterprises'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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Magic Software Enterprises Days Payable Chart

Magic Software Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.44

17.61

20.47

23.20

26.76

Magic Software Enterprises 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															22.89	24.76	25.49	24.65	27.16

Competitive Comparison of Magic Software Enterprises's Days Payable

For the Information Technology Services subindustry, Magic Software Enterprises'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.

Magic Software Enterprises's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Magic Software Enterprises's Days Payable falls into.

Magic Software Enterprises 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.

Magic Software Enterprises'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
=	( (27.598	+	28.415)	/	2 )	/	382.065	*	365
=	28.0065					/	382.065	*	365
=	26.76

Magic Software Enterprises'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
=	( (24.32	+	28.415)	/	2 )	/	88.585	*	365 / 4
=	26.3675					/	88.585	*	365 / 4
=	27.16

Magic Software Enterprises Days Payable Related Terms

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Magic Software Enterprises (Magic Software Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (NAS:MGIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MGIC:Israel MGK:Germany MGK:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Or Yehuda, ISR, 6037501

Website

https://www.magicsoftware.com

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers advanced and flexible IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.