Cognizant Technology Solutions's average Accounts Payable for the
three
months ended in Jun. 2022 was $376 Mil. Cognizant Technology Solutions's Cost of Goods Sold for the
three
months ended in Jun. 2022 was $3,119 Mil.
Hence, Cognizant Technology Solutions's Days Payable for the
three
months ended in Jun. 2022 was 10.99.
The historical rank and industry rank for Cognizant Technology Solutions's Days Payable or its related term are showing as below:
CTSH'
s Days Payable Range Over the Past 10 Years
Min: 7.62 Med: 7.71 Max: 11.8
Current: 10.86
During the past 13 years, Cognizant Technology Solutions's highest Days Payable was 11.80. The lowest was 7.62. And the median was 7.71.
CTSH's Days Payable is ranked worse than 91.61% of 2383
companies
in the Software industry
Industry Median: 52.90
vs CTSH: 10.86
Cognizant Technology Solutions's Days Payable
declined
from Jun. 2021 (11.16) to Jun. 2022 (10.99).
It may suggest that Cognizant Technology Solutions accelerated paying its suppliers.
Cognizant Technology Solutions Days Payable Historical Data
The historical data trend for Cognizant Technology Solutions'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.
Cognizant Technology Solutions Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Days Payable
7.68
7.88
7.79
10.74
11.80
Cognizant Technology Solutions Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Days Payable
11.16
10.87
10.72
11.12
10.99
Competitive Comparison
For the Information Technology Services subindustry, Cognizant Technology Solutions'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.
Cognizant Technology Solutions Days Payable Distribution
For the Software industry and Technology sector, Cognizant Technology Solutions's Days Payable distribution charts can be found below:
* The bar in red indicates where Cognizant Technology Solutions's Days Payable falls into.
Cognizant Technology Solutions 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.
Cognizant Technology Solutions's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Cognizant Technology Solutions Days Payable Related Terms
Thank you for viewing the detailed overview of Cognizant Technology Solutions's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
Cognizant Technology Solutions Business Description
Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.
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