Benefitfocus (Benefitfocus) Days Payable : 17.36 (As of Sep. 2022)

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What is Benefitfocus Days Payable?

Benefitfocus's average Accounts Payable for the three months ended in Sep. 2022 was $5.7 Mil. Benefitfocus's Cost of Goods Sold for the three months ended in Sep. 2022 was $29.9 Mil. Hence, Benefitfocus's Days Payable for the three months ended in Sep. 2022 was 17.36.

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

BNFT' s Days Payable Range Over the Past 10 Years
Min: 10.6 Med: 18.6 Max: 24.03
Current: 21.32

During the past 12 years, Benefitfocus's highest Days Payable was 24.03. The lowest was 10.60. And the median was 18.60.

BNFT's Days Payable is not ranked
in the Software industry.
Industry Median: 50.42 vs BNFT: 21.32

Benefitfocus's Days Payable increased from Sep. 2021 (16.60) to Sep. 2022 (17.36). It may suggest that Benefitfocus delayed paying its suppliers.

Benefitfocus Days Payable Historical Data

The historical data trend for Benefitfocus'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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Benefitfocus Days Payable Chart

Benefitfocus Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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14.45

18.28

23.11

16.54

18.92

Benefitfocus Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Payable	Get a 7-Day Free Trial															16.60	23.95	26.00	18.45	17.36

Competitive Comparison of Benefitfocus's Days Payable

For the Software - Application subindustry, Benefitfocus'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.

Benefitfocus's Days Payable Distribution in the Software Industry

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

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

Benefitfocus 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.

Benefitfocus's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (2.16	+	10.565)	/	2 )	/	122.713	*	365
=	6.3625					/	122.713	*	365
=	18.92

Benefitfocus's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

	Days Payable (Q: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (5.298	+	6.064)	/	2 )	/	29.864	*	365 / 4
=	5.681					/	29.864	*	365 / 4
=	17.36

Benefitfocus Days Payable Related Terms

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Benefitfocus (Benefitfocus) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Benefitfocus Way, Charleston, SC, USA, 29492

Website

https://www.benefitfocus.com

Benefitfocus Inc is a cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers. The firm's solutions support core benefits plans, including healthcare, dental, life, and disability insurance. Benefitfocus sells its solutions on a subscription basis, typically through annual contracts with employers, and multi-year contracts with insurance carriers. It generates all of its revenue in the United States.

Executives

Zeynep Young	director	825 MAIN ST., SUITE 100, BUDA TX 78610
A Lanham Napier	director, 10 percent owner	701 W. CASTANO, SAN ANTONIO TX 78209
Alpana Wegner	officer: Chief Financial Officer	C/O BENEFITFOCUS, INC., 100 BENEFITFOCUS WAY, CHARLESTON SC 29492
Matthew Levin	director, officer: President and CEO	NEUSTAR, INC., 4600 CENTER OAK PLAZA, STERLING VA 20166
Alexander Lerner	director	C/O INDABA CAPITAL MANAGEMENT, LLC, ONE LETTERMAN DR., BLDING D, SUITE DM700, SAN FRANCISCO CA 94129
Indaba Capital Fund, L.p.	director	MAPLES CORPORATE SERVICES, 121 SOUTH CHURCH STREET, GRAND CAYMAN E9 KY1-1104
Indaba Capital Management, L.p.	10 percent owner	ONE LETTERMAN DRIVE, BUILDING D, SUITE DM700, SAN FRANCISCO CA 94129
Ic Gp, Llc	10 percent owner	ONE LETTERMAN DRIVE,, BUILDING D, SUITE DM700, SAN FRANCISCO CA 94129
Derek C Schrier	10 percent owner	C/O INDABA CAPITAL MANAGEMENT, LLC, ONE LETTERMAN DR., BLDING D, SUITE DM700, SAN FRANCISCO CA 94129
J Bradley Wilson	director	227 MIDENHALL WAY, CARY NC 27513
John J Park	director	C/O APAC CUSTOMER SERVICES, INC., SIX PARKWAY NORTH, DEERFIELD IL 60015
Rushing Coretha M	director	C/O EQUIFAX INC., 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Barry D Libert	director	C/O BENEFITFOCUS, INC., 100 BENEFITFOCUS WAY, CHARLESTON SC 29492
Buildgroup Management, Llc	10 percent owner	3500 JEFFERSON ST., SUITE 303, AUSTIN TX 78731
Buildgroup Llc	10 percent owner	3500 JEFFERSON STREET, SUITE 303, AUSTIN TX 78731