Check Point Software Technologies (Check Point Software Technologies) Days Payable

: 54.08 (As of Dec. 2023)

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Check Point Software Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $48 Mil. Check Point Software Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $82 Mil. Hence, Check Point Software Technologies's Days Payable for the three months ended in Dec. 2023 was 54.08.

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

CHKP' s Days Payable Range Over the Past 10 Years
Min: 19.3 Med: 28.49 Max: 50.31
Current: 50.31

During the past 13 years, Check Point Software Technologies's highest Days Payable was 50.31. The lowest was 19.30. And the median was 28.49.

CHKP's Days Payable is ranked worse than
50.71% of 2522 companies
in the Software industry
Industry Median: 51.51 vs CHKP: 50.31

Check Point Software Technologies's Days Payable increased from Dec. 2022 (32.23) to Dec. 2023 (54.08). It may suggest that Check Point Software Technologies delayed paying its suppliers.

Check Point Software Technologies Days Payable Historical Data

The historical data trend for Check Point Software 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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Check Point Software Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

31.01

26.91

19.30

23.62

50.31

Check Point Software 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																32.23	39.66	-	-	54.08

Competitive Comparison

For the Software - Infrastructure subindustry, Check Point Software 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.

Check Point Software Technologies Days Payable Distribution

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

* The bar in red indicates where Check Point Software Technologies's Days Payable falls into.

Check Point Software 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.

Check Point Software 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
=	( (29.6	+	48.3)	/	2 )	/	282.6	*	365
=	38.95					/	282.6	*	365
=	50.31

Check Point Software 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
=	( (0	+	48.3)	/	1 )	/	81.5	*	365 / 4
=	48.3					/	81.5	*	365 / 4
=	54.08

Check Point Software Technologies Days Payable Related Terms

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Check Point Software Technologies (Check Point Software Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Check Point Software Technologies Ltd (NAS:CHKP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CHKPN:Mexico CPW:Germany

Address

5 Shlomo Kaplan Street, Tel Aviv, ISR, 6789159

Website

https://www.checkpoint.com

Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. Around 50% of revenue is generated in Europe, the Middle East, and Africa, 40% from the Americas, and 10% from the Asia-Pacific region. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.