Brightcove (Brightcove) Days Payable

: 66.77 (As of Dec. 2023)

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Brightcove's average Accounts Payable for the three months ended in Dec. 2023 was $14.1 Mil. Brightcove's Cost of Goods Sold for the three months ended in Dec. 2023 was $19.3 Mil. Hence, Brightcove's Days Payable for the three months ended in Dec. 2023 was 66.77.

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

BCOV' s Days Payable Range Over the Past 10 Years
Min: 19.32 Med: 40.29 Max: 64.52
Current: 64.52

During the past 13 years, Brightcove's highest Days Payable was 64.52. The lowest was 19.32. And the median was 40.29.

BCOV's Days Payable is ranked better than
56.62% of 2522 companies
in the Software industry
Industry Median: 51.51 vs BCOV: 64.52

Brightcove's Days Payable increased from Dec. 2022 (57.57) to Dec. 2023 (66.77). It may suggest that Brightcove delayed paying its suppliers.

Brightcove Days Payable Historical Data

The historical data trend for Brightcove'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.

Brightcove Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

42.63

48.86

53.72

52.96

60.75

Brightcove Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																57.57	54.79	70.94	70.14	66.77

Competitive Comparison

For the Software - Application subindustry, Brightcove'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.

Brightcove Days Payable Distribution

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

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

Brightcove 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.

Brightcove'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
=	( (11.326	+	14.422)	/	2 )	/	77.353	*	365
=	12.874					/	77.353	*	365
=	60.75

Brightcove'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
=	( (13.857	+	14.422)	/	2 )	/	19.324	*	365 / 4
=	14.1395					/	19.324	*	365 / 4
=	66.77

Brightcove Days Payable Related Terms

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Brightcove (Brightcove) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Brightcove Inc (NAS:BCOV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2BV:Germany 2BV:Germany

Address

281 Summer Street, Boston, MA, USA, 02210

Website

https://www.brightcove.com

Brightcove Inc is a provider of cloud-based services for the video ecosystem. The firm targets its solutions at media companies, broadcasters, publishers, and corporations. Brightcove Video Cloud is the firm's flagship product, enabling customers to publish and distribute video to Internet-connected devices. Video Cloud generates a significant portion of the firm's revenue through a subscription-based software-as-a-service model. Other products include Zencoder, a cloud-based video encoding service. It generates a large majority of its revenue in North America and Asia.

Executives

Marc Debevoise	director, officer: Chief Executive Officer	LIMELIGHT NETWORKS, 222 SOUTH MILL AVENUE, #800, TEMPE AZ 85281
Edenbrook Capital, Llc	10 percent owner	116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Kristin E. Frank	director	C/O GAIAM, INC., 833 WEST SOUTH BOULDER ROAD, LOUISVILLE CO 80027
Ritcha Ranjan	director	BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Scott Kurnit	director
Diane Hessan	director	2 BATTERY WHARF, #2510, BOSTON MA 02109
Thomas E Wheeler	director	1250 CONNECTICUT AVE NW, CELLULAR TELECOMMUNICATIONS& INTERNET, WASHINGTON DC 20036
Jeff Ray	director, officer: Chief Executive Officer	C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Jonathan Brolin	10 percent owner	2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507
David Plotkin	officer: General Counsel, SVP	BRIGHTCOVE INC., 390 CONGRESS STEET, BOSTON MA 02210
Tsedal Neeley	director	BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Deborah M. Besemer	director	257 TURNPIKE ROAD, SUITE 210, SOUTHBOROUGH MA 01772
Robert Noreck	officer: Chief Financial Officer	C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Chet Kapoor	director	BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Christopher Stagno	officer: PAO, VP, Corporate Controller	C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02110