VIQ Solutions (TSX:VQS) Days Payable : 113.47 (As of Sep. 2023)

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What is VIQ Solutions Days Payable?

VIQ Solutions's average Accounts Payable for the three months ended in Sep. 2023 was C$9.71 Mil. VIQ Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was C$7.81 Mil. Hence, VIQ Solutions's Days Payable for the three months ended in Sep. 2023 was 113.47.

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

TSX:VQS' s Days Payable Range Over the Past 10 Years
Min: 58.2 Med: 103.09 Max: 129.41
Current: 105.76

During the past 13 years, VIQ Solutions's highest Days Payable was 129.41. The lowest was 58.20. And the median was 103.09.

TSX:VQS's Days Payable is ranked better than
70.54% of 2529 companies
in the Software industry
Industry Median: 50.36 vs TSX:VQS: 105.76

VIQ Solutions's Days Payable increased from Sep. 2022 (97.19) to Sep. 2023 (113.47). It may suggest that VIQ Solutions delayed paying its suppliers.

VIQ Solutions Days Payable Historical Data

The historical data trend for VIQ 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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VIQ Solutions Days Payable Chart

VIQ Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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129.41

103.09

104.35

124.38

86.14

VIQ Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															97.19	102.87	97.86	104.39	113.47

Competitive Comparison of VIQ Solutions's Days Payable

For the Software - Application subindustry, VIQ 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.

VIQ Solutions's Days Payable Distribution in the Software Industry

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

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

VIQ 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.

VIQ Solutions's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (7.27	+	8.067)	/	2 )	/	32.493	*	365
=	7.6685					/	32.493	*	365
=	86.14

VIQ Solutions's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (9.446	+	9.972)	/	2 )	/	7.808	*	365 / 4
=	9.709					/	7.808	*	365 / 4
=	113.47

VIQ Solutions Days Payable Related Terms

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VIQ Solutions (TSX:VQS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VIQ Solutions Inc (TSX:VQS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VQSSF:USA

Address

5915 Airport Road, Suite 700, Mississauga, ON, CAN, L4V 1T1

Website

https://www.viqsolutions.com

VIQ Solutions Inc operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United Kingdom, Canada, the United States, and internationally. The reportable segments of the company are technology and related revenue which develops, distributes, and licenses computer-based digital solutions, and the technology services which provide recording and transcription services.

Executives

Yixin (shing) Pan

Director

VIQ Solutions (TSX:VQS) Headlines

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