Technology One (ASX:TNE) Days Payable : 274.81 (As of Sep. 2023)

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What is Technology One Days Payable?

Technology One's average Accounts Payable for the six months ended in Sep. 2023 was A$40.6 Mil. Technology One's Cost of Goods Sold for the six months ended in Sep. 2023 was A$26.9 Mil. Hence, Technology One's Days Payable for the six months ended in Sep. 2023 was 274.81.

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

ASX:TNE' s Days Payable Range Over the Past 10 Years
Min: 176.29 Med: 255.78 Max: 332.9
Current: 264.42

During the past 13 years, Technology One's highest Days Payable was 332.90. The lowest was 176.29. And the median was 255.78.

ASX:TNE's Days Payable is ranked better than
86.99% of 2522 companies
in the Software industry
Industry Median: 51.485 vs ASX:TNE: 264.42

Technology One's Days Payable increased from Sep. 2022 (264.40) to Sep. 2023 (274.81). It may suggest that Technology One delayed paying its suppliers.

Technology One Days Payable Historical Data

The historical data trend for Technology One'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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Technology One Days Payable Chart

Technology One Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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332.90

321.87

259.16

270.65

261.42

Technology One Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															293.19	241.61	264.40	257.63	274.81

Competitive Comparison of Technology One's Days Payable

For the Software - Application subindustry, Technology One'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.

Technology One's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Technology One's Days Payable falls into.

Technology One 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.

Technology One's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (40.331	+	39.733)	/	2 )	/	55.894	*	365
=	40.032					/	55.894	*	365
=	261.42

Technology One'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: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (41.409	+	39.733)	/	2 )	/	26.943	*	365 / 2
=	40.571					/	26.943	*	365 / 2
=	274.81

Technology One Days Payable Related Terms

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Technology One (ASX:TNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Technology One Ltd (ASX:TNE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

THNOF:USA RW8:Germany

Address

540 Wickham Street, Level 11, Fortitude Valley, Brisbane, QLD, AUS, 4006

Website

https://www.technologyonecorp.com

Technology One is a technology company providing enterprise resource planning software, primarily to governments, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99% and a consistently growing number of products used per customer.

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