8x8 (EGHT) Days Payable : 80.33 (As of Dec. 2023)

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What is 8x8 Days Payable?

8x8's average Accounts Payable for the three months ended in Dec. 2023 was $49.4 Mil. 8x8's Cost of Goods Sold for the three months ended in Dec. 2023 was $56.2 Mil. Hence, 8x8's Days Payable for the three months ended in Dec. 2023 was 80.33.

The historical rank and industry rank for 8x8's Days Payable or its related term are showing as below:

EGHT' s Days Payable Range Over the Past 10 Years
Min: 56.69 Med: 60.06 Max: 78.88
Current: 74.85

During the past 13 years, 8x8's highest Days Payable was 78.88. The lowest was 56.69. And the median was 60.06.

EGHT's Days Payable is ranked better than
60.98% of 2522 companies
in the Software industry
Industry Median: 51.485 vs EGHT: 74.85

8x8's Days Payable increased from Dec. 2022 (67.02) to Dec. 2023 (80.33). It may suggest that 8x8 delayed paying its suppliers.

8x8 Days Payable Historical Data

The historical data trend for 8x8'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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8x8 Days Payable Chart

8x8 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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78.88

65.79

56.69

59.68

72.95

8x8 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															67.02	72.20	74.55	73.45	80.33

Competitive Comparison of 8x8's Days Payable

For the Software - Application subindustry, 8x8'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.

8x8's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, 8x8's Days Payable distribution charts can be found below:

* The bar in red indicates where 8x8's Days Payable falls into.

8x8 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.

8x8's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (49.721	+	46.802)	/	2 )	/	241.475	*	365
=	48.2615					/	241.475	*	365
=	72.95

8x8'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
=	( (49.391	+	49.493)	/	2 )	/	56.16	*	365 / 4
=	49.442					/	56.16	*	365 / 4
=	80.33

8x8 Days Payable Related Terms

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8x8 (EGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 8x8 Inc (NAS:EGHT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EGT:Germany EGT:Germany

Address

675 Creekside Way, Campbell, CA, USA, 95008

Website

https://www.8x8.com

8x8 Inc provides contact-center-as-a-service and unified-communications-as-a-service software applications to approximately 2.5 million users. The company's unified platform enables omnichannel communication to assist employees in communicating across voice, video, text, chat, and contact centers. Geographically, it derives a majority of revenue from the United States.

Executives

Kevin Kraus	officer: Interim Chief Financial Off.	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Suzy M Seandel	officer: Chief Accounting Officer	C/O 8X8 INC. 675 CREEKSIDE WAY, CAMPBELL CA 95008
Samuel C. Wilson	officer: Chief Financial Officer	C/O 8X8 INC, 675 CREEKSIDE WAY, CAMPBELL CA 95008
Laurence Denny	officer: Chief Legal Officer	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Hunter Middleton	officer: Chief Product Officer	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Elizabeth Harriet Theophille	director	26 FURFELDERSTRASSE, RIEHEN V8 4125
Daniel Patrick Gibson	10 percent owner	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Sylebra Capital Ltd	10 percent owner	28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Eric Salzman	director	C/O 8X8 INC., 675 CREEKSIDE WAY, CAMPCALL CA 95008
Matthew Zinn	officer: SVP-GC,Secretary and CPO	2160 GOLD STREET, ALVISO CA 95002
David Sipes	officer: Chief Executive Officer	1400 FASHION ISLAND BLVD.,, SUITE 7TH FLOOR, SAN MATEO CA 94404
Stephanie Garcia	officer: Chief Human Resources Officer	C/O 8X8 INC 675 CREEKSIDE WAY, CAMPBELL CA 95008
Dejan Deklich	officer: Chief Product Officer	2125 O'NEL DR., SAN JOSE CA 95131
Germaine Cota	officer: Chief Accting Off./Treasurer	675 CREEKSIDE DRIVE, CAMPBELL CA 95008
Bryan R Martin	director, officer: Chief Executive Officer	C/O 8X8 INC, 3151 JAY STREET, SANTA CLARA CA 95054