Converge Information And Communications Technology Solutions (PHS:CNVRG) Days Payable : 384.15 (As of Dec. 2023)

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What is Converge Information And Communications Technology Solutions Days Payable?

Converge Information And Communications Technology Solutions's average Accounts Payable for the three months ended in Dec. 2023 was ₱15,919 Mil. Converge Information And Communications Technology Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was ₱3,781 Mil. Hence, Converge Information And Communications Technology Solutions's Days Payable for the three months ended in Dec. 2023 was 384.15.

The historical rank and industry rank for Converge Information And Communications Technology Solutions's Days Payable or its related term are showing as below:

PHS:CNVRG' s Days Payable Range Over the Past 10 Years
Min: 368.38 Med: 383.37 Max: 680.64
Current: 468.41

During the past 6 years, Converge Information And Communications Technology Solutions's highest Days Payable was 680.64. The lowest was 368.38. And the median was 383.37.

PHS:CNVRG's Days Payable is ranked better than
91.91% of 346 companies
in the Telecommunication Services industry
Industry Median: 101.86 vs PHS:CNVRG: 468.41

Converge Information And Communications Technology Solutions's Days Payable declined from Dec. 2022 (397.21) to Dec. 2023 (384.15). It may suggest that Converge Information And Communications Technology Solutions accelerated paying its suppliers.

Converge Information And Communications Technology Solutions Days Payable Historical Data

The historical data trend for Converge Information And Communications Technology Solutions'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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Converge Information And Communications Technology Solutions Days Payable Chart

Converge Information And Communications Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

473.34

368.38

372.96

382.63

384.10

Converge Information And Communications Technology Solutions Quarterly Data
	Dec18	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													397.21	506.07	573.62	523.63	384.15

Competitive Comparison of Converge Information And Communications Technology Solutions's Days Payable

For the Telecom Services subindustry, Converge Information And Communications Technology Solutions'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.

Converge Information And Communications Technology Solutions's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Converge Information And Communications Technology Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Converge Information And Communications Technology Solutions's Days Payable falls into.

Converge Information And Communications Technology Solutions 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.

Converge Information And Communications Technology Solutions'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
=	( (13785.113	+	12965.662)	/	2 )	/	12710.404	*	365
=	13375.3875					/	12710.404	*	365
=	384.10

Converge Information And Communications Technology Solutions'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
=	( (18872.162	+	12965.662)	/	2 )	/	3781.333	*	365 / 4
=	15918.912					/	3781.333	*	365 / 4
=	384.15

Converge Information And Communications Technology Solutions Days Payable Related Terms

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Converge Information And Communications Technology Solutions (PHS:CNVRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Converge Information And Communications Technology Solutions Inc (PHS:CNVRG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009

Website

https://www.convergeict.com

Converge Information And Communications Technology Solutions Inc are engaged in the business of providing Information and communication services and solutions. It provides high-speed fiber optic internet services and other digital consumer-centric services. It operates in two businesses namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business.

Converge Information And Communications Technology Solutions (PHS:CNVRG) Headlines

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