Computer Modelling Group (TSX:CMG) Days Payable : 108.29 (As of Mar. 2024)

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What is Computer Modelling Group Days Payable?

Computer Modelling Group's average Accounts Payable for the three months ended in Mar. 2024 was C$7.7 Mil. Computer Modelling Group's Cost of Goods Sold for the three months ended in Mar. 2024 was C$6.5 Mil. Hence, Computer Modelling Group's Days Payable for the three months ended in Mar. 2024 was 108.29.

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

TSX:CMG' s Days Payable Range Over the Past 10 Years
Min: 22.61 Med: 25.41 Max: 150.85
Current: 150.85

During the past 13 years, Computer Modelling Group's highest Days Payable was 150.85. The lowest was 22.61. And the median was 25.41.

TSX:CMG's Days Payable is ranked better than
90% of 2531 companies
in the Software industry
Industry Median: 50.16 vs TSX:CMG: 150.85

Computer Modelling Group's Days Payable declined from Mar. 2023 (140.04) to Mar. 2024 (108.29). It may suggest that Computer Modelling Group accelerated paying its suppliers.

Computer Modelling Group Days Payable Historical Data

The historical data trend for Computer Modelling Group'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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Computer Modelling Group Days Payable Chart

Computer Modelling Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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22.61

28.20

Computer Modelling Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															140.04	186.60	358.76	185.02	108.29

Competitive Comparison of Computer Modelling Group's Days Payable

For the Software - Application subindustry, Computer Modelling Group'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.

Computer Modelling Group's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Computer Modelling Group's Days Payable falls into.

Computer Modelling Group 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.

Computer Modelling Group's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0.634	+	2.027)	/	2 )	/	17.224	*	365
=	1.3305					/	17.224	*	365
=	28.20

Computer Modelling Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (13.329	+	2.027)	/	2 )	/	6.47	*	365 / 4
=	7.678					/	6.47	*	365 / 4
=	108.29

Computer Modelling Group Days Payable Related Terms

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Computer Modelling Group (TSX:CMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Computer Modelling Group Ltd (TSX:CMG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CMDXF:USA

Address

3710 33 Street N.W., Calgary, AB, CAN, T2L 2M1

Website

https://www.cmgl.ca

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in Americas, Europe, Middle East, Africa, and Asia-Pacific regions.

Executives

Robert David Hicks

Senior Officer