Neogrid Participacoes (BSP:NGRD3) Days Payable : 78.42 (As of Dec. 2023)

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What is Neogrid Participacoes Days Payable?

Neogrid Participacoes's average Accounts Payable for the three months ended in Dec. 2023 was R$18.4 Mil. Neogrid Participacoes's Cost of Goods Sold for the three months ended in Dec. 2023 was R$21.4 Mil. Hence, Neogrid Participacoes's Days Payable for the three months ended in Dec. 2023 was 78.42.

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

BSP:NGRD3' s Days Payable Range Over the Past 10 Years
Min: 25.81 Med: 33.7 Max: 74.19
Current: 74.19

During the past 9 years, Neogrid Participacoes's highest Days Payable was 74.19. The lowest was 25.81. And the median was 33.70.

BSP:NGRD3's Days Payable is ranked better than
60.67% of 2522 companies
in the Software industry
Industry Median: 51.485 vs BSP:NGRD3: 74.19

Neogrid Participacoes's Days Payable increased from Dec. 2022 (69.67) to Dec. 2023 (78.42). It may suggest that Neogrid Participacoes delayed paying its suppliers.

Neogrid Participacoes Days Payable Historical Data

The historical data trend for Neogrid Participacoes'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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Neogrid Participacoes Days Payable Chart

Neogrid Participacoes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.19

25.81

46.15

60.47

64.71

Neogrid Participacoes Quarterly Data
	Dec16	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															69.67	57.18	84.49	88.30	78.42

Competitive Comparison of Neogrid Participacoes's Days Payable

For the Software - Application subindustry, Neogrid Participacoes'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.

Neogrid Participacoes's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Neogrid Participacoes's Days Payable falls into.

Neogrid Participacoes 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.

Neogrid Participacoes'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
=	( (16.176	+	17.728)	/	2 )	/	95.617	*	365
=	16.952					/	95.617	*	365
=	64.71

Neogrid Participacoes'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
=	( (19.071	+	17.728)	/	2 )	/	21.411	*	365 / 4
=	18.3995					/	21.411	*	365 / 4
=	78.42

Neogrid Participacoes Days Payable Related Terms

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Neogrid Participacoes (BSP:NGRD3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neogrid Participacoes SA (BSP:NGRD3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

AV. Santos Dumont, 935, Santo Antonio, Joninville, SC, BRA, 89218-105

Website

https://www.neogrid.com

Neogrid Participacoes SA is engaged in investing in other companies or partnerships, businesses and undertakings of any nature. The company is focused on Software as a Service (SaaS), data and technology that solves key challenges for the supply chain. With solutions that integrate and synchronize operations of manufacturers, distributors, and retailers, it ensures that products are well distributed, sized and allocated. increasing the efficiency of customers, reducing the high costs related to waste and inventory shortages and excesses and freeing up working capital. Offering SaaS solutions is the primary source of revenue generation through subscription to the Neogrid solution platform.

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