Akamai Technologies (LTS:0HBQ) Days Payable

: 33.79 (As of Dec. 2023)

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Akamai Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $146 Mil. Akamai Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $393 Mil. Hence, Akamai Technologies's Days Payable for the three months ended in Dec. 2023 was 33.79.

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

LTS:0HBQ' s Days Payable Range Over the Past 10 Years
Min: 31.15 Med: 34.7 Max: 45.14
Current: 40.26

During the past 13 years, Akamai Technologies's highest Days Payable was 45.14. The lowest was 31.15. And the median was 34.70.

LTS:0HBQ's Days Payable is ranked worse than
57.49% of 2522 companies
in the Software industry
Industry Median: 51.51 vs LTS:0HBQ: 40.26

Akamai Technologies's Days Payable increased from Dec. 2022 (33.71) to Dec. 2023 (33.79). It may suggest that Akamai Technologies delayed paying its suppliers.

Akamai Technologies Days Payable Historical Data

The historical data trend for Akamai Technologies'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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Akamai Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.99

41.49

32.86

33.68

35.31

Akamai Technologies 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															33.71	43.89	48.48	40.37	33.79

Competitive Comparison

For the Software - Infrastructure subindustry, Akamai Technologies'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.

Akamai Technologies Days Payable Distribution

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

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

Akamai Technologies 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.

Akamai Technologies'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
=	( (145.42	+	146.927)	/	2 )	/	1511.063	*	365
=	146.1735					/	1511.063	*	365
=	35.31

Akamai Technologies'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
=	( (144.466	+	146.927)	/	2 )	/	393.397	*	365 / 4
=	145.6965					/	393.397	*	365 / 4
=	33.79

Akamai Technologies Days Payable Related Terms

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Akamai Technologies (LTS:0HBQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Akamai Technologies Inc (LTS:0HBQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AKAM:USA AK3:Germany A1KA34:Brazil

Address

145 Broadway, Cambridge, MA, USA, 02142

Website

https://www.akamai.com

Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core delivery and computing businesses to protect customers from cyberthreats.

Akamai Technologies (LTS:0HBQ) Headlines

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