Cuentas (Cuentas) Days Payable : 89.32 (As of Dec. 2023)

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What is Cuentas Days Payable?

Cuentas's average Accounts Payable for the three months ended in Dec. 2023 was $1.45 Mil. Cuentas's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.49 Mil. Hence, Cuentas's Days Payable for the three months ended in Dec. 2023 was 89.32.

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

CUEN' s Days Payable Range Over the Past 10 Years
Min: 21.53 Med: 237.74 Max: 1231.19
Current: 177.63

During the past 13 years, Cuentas's highest Days Payable was 1231.19. The lowest was 21.53. And the median was 237.74.

CUEN's Days Payable is ranked better than
81.41% of 2528 companies
in the Software industry
Industry Median: 50.5 vs CUEN: 177.63

Cuentas's Days Payable declined from Dec. 2022 (184.23) to Dec. 2023 (89.32). It may suggest that Cuentas accelerated paying its suppliers.

Cuentas Days Payable Historical Data

The historical data trend for Cuentas'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.

* Premium members only.

Cuentas Days Payable Chart

Cuentas Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,063.60

1,015.66

1,231.19

148.52

182.17

Cuentas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															184.23	910.65	748.49	126.77	89.32

Competitive Comparison of Cuentas's Days Payable

For the Software - Application subindustry, Cuentas'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.

Cuentas's Days Payable Distribution in the Software Industry

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

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

Cuentas 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.

Cuentas'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
=	( (1.231	+	1.497)	/	2 )	/	2.733	*	365
=	1.364					/	2.733	*	365
=	182.17

Cuentas'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
=	( (1.412	+	1.497)	/	2 )	/	1.486	*	365 / 4
=	1.4545					/	1.486	*	365 / 4
=	89.32

Cuentas Days Payable Related Terms

Thank you for viewing the detailed overview of Cuentas's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Cuentas (Cuentas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cuentas Inc (OTCPK:CUEN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

235 Lincoln Road, Suite 210, Miami Beach, FL, USA, 33139

Website

https://www.cuentas.com

Cuentas Inc is a FinTech e-banking and e-commerce service provider with proprietary technology aimed at providing solutions for the underbanked and un-banked Hispanic and Latino population. The company operates in two segments: Telecommunications and General Purpose Reloadable Cards. Its services include mobile banking, online banking, prepaid debit, ACH and mobile deposits, cash remittance, peer-to-peer money transferring, and providing access to bank accounts for customers who previously could not obtain bank accounts. The proprietary Cuentas General Purpose Reloadable (GPR) Card provides holders with a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content.

Executives

Arik Maimon	officer: CEO	1111 BRICKELL AVENUE, SUITE 2200, MIAMI FL 33131
Jeffery D. Johnson	officer: Chief Executive Officer	235 LINCOLN RD., SUITE 210, MIAMI BEACH FL 33139
Cima Telecom, Inc.	10 percent owner	1728 CORAL WAY, 6TH FLOOR, MIAMI FL 33145
Yochanon Bruk	director	1898 NW 74TH AVE, PEMBROKE PINES FL 33024
Richard J Berman	director	305 COLLEGE ROAD EAST, PRINCETON NJ 08540
Adiv Baruch	director	9 SHAUL AVIGUR ST., TEL AVIV L3 69379
Ran Daniel	officer: Chief Financial Officer	101 WEST 90TH STREET, NEW YORK NY 10024
Heritage Ventures Ltd	10 percent owner	SUITE 31 THE MALL, BEACON COURT, SANDYFORD, DUBLIN 18 L2 D18 R8Y7
Harrison Vargas	10 percent owner	10007 VESTAL PLACE, CORAL SPRINGS FL 33071
De Prado Michael A.	officer: President & COO	1111 BRICKELL AVENUE, SUITE 2200, MIAMI FL 33131
Robert Rico	other: Resigned officer and director	4775 COLLINS AVE # 4205, MIAMI BEACH NJ 33140
Calvin Lewis	other: Resigned officer and director	4779 COLLINS AVE, 1907, MIAMI BEACH FL 33140
Lisa Bischof	director, officer: Treasurer	6980 SOUTH EDGERTON ROAD, BRECKSVILLE OH 44141
D Bruce Veness	director, officer: Corporate Secretary	6980 SOUTH EDGERTON ROAD, BREAKSVILLE OH 44141
John L Bianco	director, 10 percent owner, officer: CEO/President	6980 SOUTH EDGERTON ROAD, BRECKSVILLE OH 44141