Absolute Software (Absolute Software) Days Payable : 50.77 (As of Mar. 2023)

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What is Absolute Software Days Payable?

Absolute Software's average Accounts Payable for the three months ended in Mar. 2023 was $5.6 Mil. Absolute Software's Cost of Goods Sold for the three months ended in Mar. 2023 was $10.1 Mil. Hence, Absolute Software's Days Payable for the three months ended in Mar. 2023 was 50.77.

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

ABST' s Days Payable Range Over the Past 10 Years
Min: 20.83 Med: 108.66 Max: 162.92
Current: 29.04

During the past 13 years, Absolute Software's highest Days Payable was 162.92. The lowest was 20.83. And the median was 108.66.

ABST's Days Payable is not ranked
in the Software industry.
Industry Median: 50.7 vs ABST: 29.04

Absolute Software's Days Payable increased from Mar. 2022 (21.07) to Mar. 2023 (50.77). It may suggest that Absolute Software delayed paying its suppliers.

Absolute Software Days Payable Historical Data

The historical data trend for Absolute Software'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.

Absolute Software Days Payable Chart

Absolute Software Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Days Payable

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115.33

163.81

149.37

76.26

21.39

Absolute Software Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															21.07	19.72	11.46	17.06	50.77

Competitive Comparison of Absolute Software's Days Payable

For the Software - Application subindustry, Absolute Software'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.

Absolute Software's Days Payable Distribution in the Software Industry

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

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

Absolute Software 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.

Absolute Software's Days Payable for the fiscal year that ended in Jun. 2022 is calculated as

	Days Payable (A: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2021 )	+	Accounts Payable (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (2.458	+	1.852)	/	2 )	/	36.775	*	365
=	2.155					/	36.775	*	365
=	21.39

Absolute Software's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (3.268	+	7.993)	/	2 )	/	10.119	*	365 / 4
=	5.6305					/	10.119	*	365 / 4
=	50.77

Absolute Software Days Payable Related Terms

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Absolute Software (Absolute Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Absolute Software Corp (NAS:ABST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 Dunsmuir Street, Suite 1400, Four Bentall Centre, P.O. Box 49211, Vancouver, BC, CAN, V7X 1K8

Website

https://www.absolute.com

Absolute Software Corp is engaged in the development, marketing, and provision of a cloud-based endpoint visibility and control platform that provides management and security of computing devices. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and the Rest of world. It serves Education; Healthcare; Government; Professional Services and Financial Services. The company principally derives its revenues from two sources: subscription and support revenues.

Executives

Edenbrook Capital, Llc	10 percent owner	116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Jonathan Brolin	10 percent owner	2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507