Tesspay (Tesspay) Days Payable : 355.67 (As of Dec. 2023)

View and export this data going back to 2050. Start your Free Trial

What is Tesspay Days Payable?

Tesspay's average Accounts Payable for the three months ended in Dec. 2023 was $1.41 Mil. Tesspay's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.36 Mil. Hence, Tesspay's Days Payable for the three months ended in Dec. 2023 was 355.67.

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

TPI's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.7
* Ranked among companies with meaningful Days Payable only.

Tesspay's Days Payable increased from Sep. 2022 (0.00) to Dec. 2023 (355.67). It may suggest that Tesspay delayed paying its suppliers.

Tesspay Days Payable Historical Data

The historical data trend for Tesspay'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.

* Premium members only.

Tesspay Days Payable Chart

Tesspay Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

119.83

157.73

280.92

328.23

Tesspay Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	371.43	-	487.92	355.67

Competitive Comparison of Tesspay's Days Payable

For the Software - Infrastructure subindustry, Tesspay'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.

Tesspay's Days Payable Distribution in the Software Industry

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

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

Tesspay 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.

Tesspay'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
=	( (0.924	+	1.272)	/	2 )	/	1.221	*	365
=	1.098					/	1.221	*	365
=	328.23

Tesspay'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
=	( (1.55	+	1.272)	/	2 )	/	0.362	*	365 / 4
=	1.411					/	0.362	*	365 / 4
=	355.67

Tesspay Days Payable Related Terms

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

Tesspay (Tesspay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tesspay Inc (AMEX:TPI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9160 Forum Corporate Parkway, Suite 350, Fort Myers, FL, USA, 33905

Website

https://www.tesspay.io

Tesspay Inc is Fintech Platform company. It has developed a financial technology platform for securing and streamlining financial transactions that utilizes blockchain technology to provide payment assurance and liquidity through a finance supply chain. The Platform makes use of smart contracts, as programmatic representations of the terms of a legal contract between transacting parties, to affect automated financial settlements (account balance computations) to the supply chain participants.

Tesspay (Tesspay) Headlines

No Headlines