Computer Task Group (Computer Task Group) Days Payable : 21.17 (As of Sep. 2023)

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What is Computer Task Group Days Payable?

Computer Task Group's average Accounts Payable for the three months ended in Sep. 2023 was $12.0 Mil. Computer Task Group's Cost of Goods Sold for the three months ended in Sep. 2023 was $51.8 Mil. Hence, Computer Task Group's Days Payable for the three months ended in Sep. 2023 was 21.17.

The historical rank and industry rank for Computer Task Group's Days Payable or its related term are showing as below:

CTG' s Days Payable Range Over the Past 10 Years
Min: 10.32 Med: 12.96 Max: 26.37
Current: 21.64

During the past 13 years, Computer Task Group's highest Days Payable was 26.37. The lowest was 10.32. And the median was 12.96.

CTG's Days Payable is not ranked
in the Software industry.
Industry Median: 50.96 vs CTG: 21.64

Computer Task Group's Days Payable increased from Sep. 2022 (20.34) to Sep. 2023 (21.17). It may suggest that Computer Task Group delayed paying its suppliers.

Computer Task Group Days Payable Historical Data

The historical data trend for Computer Task Group'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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Computer Task Group Days Payable Chart

Computer Task Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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13.71

17.73

23.60

23.83

26.37

Computer Task Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															20.34	21.05	23.07	25.11	21.17

Competitive Comparison of Computer Task Group's Days Payable

For the Information Technology Services subindustry, Computer Task Group'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.

Computer Task Group's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Computer Task Group's Days Payable falls into.

Computer Task Group 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.

Computer Task Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (21.15	+	14.254)	/	2 )	/	245.003	*	365
=	17.702					/	245.003	*	365
=	26.37

Computer Task Group'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (14.389	+	9.661)	/	2 )	/	51.824	*	365 / 4
=	12.025					/	51.824	*	365 / 4
=	21.17

Computer Task Group Days Payable Related Terms

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Computer Task Group (Computer Task Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Computer Task Group Inc (NAS:CTG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Corporate Parkway, Suite 214N, Amherst, NY, USA, 14226

Website

https://www.ctg.com

Computer Task Group Inc is engaged in providing information technology services to its clients. The company divides its services into information technology solutions and information technology & other staffing. Its segments include North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services. The firm derives most of its revenues from information technology & other staffing services. It mainly caters its services to technology service providers, financial services, healthcare, manufacturing, and energy industries. The geographical segments are the United States, Luxembourg, Belgium, and other countries.

Executives

Thomas J Niehaus	officer: Executive Vice President	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Gyde Filip J L	director, officer: President and CEO	C/O COMPUTER TASK GROUP INC, 800 DELAWARE AVE, BUFFALO NY 14209
Raj Rajgopal	director	C/O VIRTUSA CORPORATION, 2000 WEST PARK DRIVE, WESTBOROUGH MA 01581
Helvey Iii James R	director	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Kathryn A Stein	director	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Daniel J Sullivan	director
Valerie Rahmani	director	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Owen J Sullivan	director	5301 NORTH IRONWOOD ROAD, MILWAUKEE WI 53217
David H Klein	director	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Jeffrey D Gerkin	officer: Executive Vice President	800 DELAWARE AVENUE, BUFFALO NY 14209
John M Laubacker	officer: Chief Financial Officer & SVP	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Peter P Radetich	officer: Sr Vice President & Secretary	300 CORPORATE PARKWAY SUITE 214N, AMHERST NY 14226
Brendan M Harrington	officer: Chief Financial Officer Sr VP	800 DELAWARE AVENUE, BUFFALO NY 14209
Cliff Bleustein	director, officer: President & CEO	800 DELAWARE AVENUE, BUFFALO NY 14209
Alfred Hamilton	officer: Vice President	800 DELAWARE AVENUE, BUFFALO NY 14209