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FintechWerx International Software Services (XCNQ:WERX) Days Payable : 62.22 (As of Oct. 2023)


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What is FintechWerx International Software Services Days Payable?

FintechWerx International Software Services's average Accounts Payable for the three months ended in Oct. 2023 was C$0.04 Mil. FintechWerx International Software Services's Cost of Goods Sold for the three months ended in Oct. 2023 was C$0.06 Mil. Hence, FintechWerx International Software Services's Days Payable for the three months ended in Oct. 2023 was 62.22.

The historical rank and industry rank for FintechWerx International Software Services's Days Payable or its related term are showing as below:

XCNQ:WERX' s Days Payable Range Over the Past 10 Years
Min: 0   Med: 0   Max: 119.02
Current: 119.02

During the past 1 years, FintechWerx International Software Services's highest Days Payable was 119.02. The lowest was 0.00. And the median was 0.00.

XCNQ:WERX's Days Payable is not ranked
in the Software industry.
Industry Median: 50.42 vs XCNQ:WERX: 119.02

FintechWerx International Software Services's Days Payable increased from . 20 (0.00) to Oct. 2023 (62.22). It may suggest that FintechWerx International Software Services delayed paying its suppliers.

FintechWerx International Software Services Days Payable Historical Data

The historical data trend for FintechWerx International Software Services'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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FintechWerx International Software Services Days Payable Chart

FintechWerx International Software Services Annual Data
Trend Apr23
Days Payable
-

FintechWerx International Software Services Quarterly Data
Jul23 Oct23
Days Payable 33.46 62.22

Competitive Comparison of FintechWerx International Software Services's Days Payable

For the Software - Infrastructure subindustry, FintechWerx International Software Services'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.

FintechWerx International Software Services's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where FintechWerx International Software Services's Days Payable falls into.


FintechWerx International Software Services 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.

FintechWerx International Software Services's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

Days Payable (A: Apr. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: . 20 ) + Accounts Payable (A: Apr. 2023 )) / count ) / Cost of Goods Sold (A: Apr. 2023 )*Days in Period
=( ( + 0.006) / 1 ) / 0*365
=0.006 / 0*365
=N/A

FintechWerx International Software Services's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

Days Payable (Q: Oct. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jul. 2023 ) + Accounts Payable (Q: Oct. 2023 )) / count ) / Cost of Goods Sold (Q: Oct. 2023 )*Days in Period
=( (0.022 + 0.053) / 2 ) / 0.055*365 / 4
=0.0375 / 0.055*365 / 4
=62.22

* 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.

FintechWerx International Software Services Days Payable Related Terms

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FintechWerx International Software Services (XCNQ:WERX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » FintechWerx International Software Services Inc (XCNQ:WERX) » Definitions » Days Payable
Comparable Companies
Traded in Other Exchanges
N/A
Address
750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7
Website
https://www.fintechwerx.com
FintechWerx International Software Services Inc is an e-commerce technology company. The Company is engaged in delivering enrollment, automated identity verification, payment solutions, and data management services. The FintechWerx Platform is a combination of both licensed and proprietary software together the Technology Stack that provides a single comprehensive, suite of services for small to medium sized enterprises.

FintechWerx International Software Services (XCNQ:WERX) Headlines

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