IFIRMA Spolka Akcyjna (WAR:IFI) Days Payable : 12.53 (As of Mar. 2024)

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What is IFIRMA Spolka Akcyjna Days Payable?

IFIRMA Spolka Akcyjna's average Accounts Payable for the three months ended in Mar. 2024 was zł1.24 Mil. IFIRMA Spolka Akcyjna's Cost of Goods Sold for the three months ended in Mar. 2024 was zł9.00 Mil. Hence, IFIRMA Spolka Akcyjna's Days Payable for the three months ended in Mar. 2024 was 12.53.

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

WAR:IFI' s Days Payable Range Over the Past 10 Years
Min: 8.71 Med: 13.05 Max: 25.99
Current: 10.57

During the past 13 years, IFIRMA Spolka Akcyjna's highest Days Payable was 25.99. The lowest was 8.71. And the median was 13.05.

WAR:IFI's Days Payable is ranked worse than
90.99% of 2531 companies
in the Software industry
Industry Median: 50.36 vs WAR:IFI: 10.57

IFIRMA Spolka Akcyjna's Days Payable increased from Mar. 2023 (8.03) to Mar. 2024 (12.53). It may suggest that IFIRMA Spolka Akcyjna delayed paying its suppliers.

IFIRMA Spolka Akcyjna Days Payable Historical Data

The historical data trend for IFIRMA Spolka Akcyjna'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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IFIRMA Spolka Akcyjna Days Payable Chart

IFIRMA Spolka Akcyjna Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

13.04

10.60

9.65

8.71

10.57

IFIRMA Spolka Akcyjna 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															8.03	-	-	13.40	12.53

Competitive Comparison of IFIRMA Spolka Akcyjna's Days Payable

For the Information Technology Services subindustry, IFIRMA Spolka Akcyjna'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.

IFIRMA Spolka Akcyjna's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where IFIRMA Spolka Akcyjna's Days Payable falls into.

IFIRMA Spolka Akcyjna 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.

IFIRMA Spolka Akcyjna'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
=	( (0.619	+	1.235)	/	2 )	/	32.024	*	365
=	0.927					/	32.024	*	365
=	10.57

IFIRMA Spolka Akcyjna'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
=	( (1.235	+	0)	/	1 )	/	8.996	*	365 / 4
=	1.235					/	8.996	*	365 / 4
=	12.53

IFIRMA Spolka Akcyjna Days Payable Related Terms

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IFIRMA Spolka Akcyjna (WAR:IFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IFIRMA Spolka Akcyjna (WAR:IFI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grabiszynska 241 B, Wroclaw, POL, 53-234

Website

http://www.ifirma.pl

IFIRMA Spolka Akcyjna provides services in the field of software development as well as recruitment and outsourcing of IT staff. Its services include internet accounting, accounting office, invoices application, and warehousing software. The company is working on www.firmbee.com - a project management software which manages firm's tasks, finances, supports remote team work and HR processes.

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