STEER Technologies (TSXV:STER) Days Payable : 240.83 (As of Dec. 2023)

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What is STEER Technologies Days Payable?

STEER Technologies's average Accounts Payable for the three months ended in Dec. 2023 was C$3.96 Mil. STEER Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was C$1.50 Mil. Hence, STEER Technologies's Days Payable for the three months ended in Dec. 2023 was 240.83.

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

TSXV:STER' s Days Payable Range Over the Past 10 Years
Min: 42.13 Med: 112.22 Max: 229.81
Current: 99.74

During the past 6 years, STEER Technologies's highest Days Payable was 229.81. The lowest was 42.13. And the median was 112.22.

TSXV:STER's Days Payable is ranked better than
69.14% of 2531 companies
in the Software industry
Industry Median: 50.16 vs TSXV:STER: 99.74

STEER Technologies's Days Payable increased from Dec. 2022 (21.49) to Dec. 2023 (240.83). It may suggest that STEER Technologies delayed paying its suppliers.

STEER Technologies Days Payable Historical Data

The historical data trend for STEER Technologies'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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STEER Technologies Days Payable Chart

STEER Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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229.81

148.01

52.80

42.13

112.22

STEER Technologies 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															21.49	40.77	290.19	297.77	240.83

Competitive Comparison of STEER Technologies's Days Payable

For the Software - Application subindustry, STEER Technologies'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.

STEER Technologies's Days Payable Distribution in the Software Industry

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

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

STEER Technologies 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.

STEER Technologies'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
=	( (8.129	+	4.3)	/	2 )	/	20.213	*	365
=	6.2145					/	20.213	*	365
=	112.22

STEER Technologies'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
=	( (3.623	+	4.3)	/	2 )	/	1.501	*	365 / 4
=	3.9615					/	1.501	*	365 / 4
=	240.83

STEER Technologies Days Payable Related Terms

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STEER Technologies (TSXV:STER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » STEER Technologies Inc (TSXV:STER) » Definitions » Days Payable

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STEEF:USA H1Y:Germany

Address

44 East Beaver Creek Road, Unit 16, Richmond Hill, ON, CAN, L4B 1G8

Website

https://www.steeresg.com

STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.