Veeva Systems (Veeva Systems) Days Payable

: 17.77 (As of Jan. 2024)

View and export this data going back to 2013. Start your Free Trial

Veeva Systems's average Accounts Payable for the three months ended in Jan. 2024 was $34 Mil. Veeva Systems's Cost of Goods Sold for the three months ended in Jan. 2024 was $174 Mil. Hence, Veeva Systems's Days Payable for the three months ended in Jan. 2024 was 17.77.

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

VEEV' s Days Payable Range Over the Past 10 Years
Min: 9.47 Med: 13.87 Max: 21.96
Current: 21.96

During the past 13 years, Veeva Systems's highest Days Payable was 21.96. The lowest was 9.47. And the median was 13.87.

VEEV's Days Payable is ranked worse than
82.56% of 585 companies
in the Healthcare Providers & Services industry
Industry Median: 60.68 vs VEEV: 21.96

Veeva Systems's Days Payable declined from Jan. 2023 (22.94) to Jan. 2024 (17.77). It may suggest that Veeva Systems accelerated paying its suppliers.

Veeva Systems Days Payable Historical Data

The historical data trend for Veeva Systems'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.

Veeva Systems Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

17.16

19.04

15.80

18.58

19.72

Veeva Systems Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable																22.94	23.57	25.47	23.45	17.77

Competitive Comparison

For the Health Information Services subindustry, Veeva Systems'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.

Veeva Systems Days Payable Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Veeva Systems's Days Payable distribution charts can be found below:

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

Veeva Systems 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.

Veeva Systems's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (41.678	+	31.513)	/	2 )	/	677.291	*	365
=	36.5955					/	677.291	*	365
=	19.72

Veeva Systems's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (36.236	+	31.513)	/	2 )	/	173.928	*	365 / 4
=	33.8745					/	173.928	*	365 / 4
=	17.77

Veeva Systems Days Payable Related Terms

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

Veeva Systems (Veeva Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veeva Systems Inc (NYSE:VEEV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VEEV:Mexico VEE:Germany VEE:Germany V2EE34:Brazil VEEV:Austria

Address

4280 Hacienda Drive, Pleasanton, CA, USA, 94588

Website

https://www.veeva.com

Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.

Executives

Thomas D. Schwenger	officer: President and COO	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Alan Mateo	officer: EVP Global Sales	C/O VEEVA SYSTEMS, 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Eleni Nitsa Zuppas	officer: Chief Marketing Officer	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Matthew J Wallach	officer: President	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Mary Lynne Hedley	director	C/O TESARO, INC., 1000 WINTER ST., STE 3300, WALTHAM MA 02451
Timothy S Cabral	officer: Chief Financial Officer	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Paul J Sekhri	director	C/O VEEVA SYSTEMS INC., 4637 CHABOT DRIVE, SUITE 210, PLEASANTON CA 94588
Kristine Diamond	officer: Chief Accounting Officer	345 ENCINAL STREET, SANTA CRUZ CA 95060
Paul Edward Chamberlain	director	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Michele O'connor	officer: Chief Accounting Officer	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Peter P Gassner	director, 10 percent owner, officer: Chief Executive Officer	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Codd Ronald E F	director	C/O INTERWOVEN INC, 803 11TH AVE, SUNNYVALE CA 94089
Nimrata Hunt	director	IDEXX LABORATORIES, INC., WESTBROOK ME 04092
Priscilla Hung	director	C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403
Marshall Mohr	director	C/O INTUITIVE SURGICAL, INC, 1266 KIFER ROAD, SUNNYVALE CA 94086