i3 Verticals (i3 Verticals) Days Payable : 46.41 (As of Dec. 2023)

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What is i3 Verticals Days Payable?

i3 Verticals's average Accounts Payable for the three months ended in Dec. 2023 was $10.4 Mil. i3 Verticals's Cost of Goods Sold for the three months ended in Dec. 2023 was $20.4 Mil. Hence, i3 Verticals's Days Payable for the three months ended in Dec. 2023 was 46.41.

The historical rank and industry rank for i3 Verticals's Days Payable or its related term are showing as below:

IIIV' s Days Payable Range Over the Past 10 Years
Min: 3 Med: 16.47 Max: 46.23
Current: 40.46

During the past 8 years, i3 Verticals's highest Days Payable was 46.23. The lowest was 3.00. And the median was 16.47.

IIIV's Days Payable is ranked worse than
56.61% of 2526 companies
in the Software industry
Industry Median: 50.42 vs IIIV: 40.46

i3 Verticals's Days Payable increased from Dec. 2022 (42.48) to Dec. 2023 (46.41). It may suggest that i3 Verticals delayed paying its suppliers.

i3 Verticals Days Payable Historical Data

The historical data trend for i3 Verticals'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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i3 Verticals Days Payable Chart

i3 Verticals Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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4.80

28.14

37.03

42.80

46.23

i3 Verticals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															42.48	37.38	36.03	42.02	46.41

Competitive Comparison of i3 Verticals's Days Payable

For the Software - Infrastructure subindustry, i3 Verticals'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.

i3 Verticals's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, i3 Verticals's Days Payable distribution charts can be found below:

* The bar in red indicates where i3 Verticals's Days Payable falls into.

i3 Verticals 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.

i3 Verticals's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (9.342	+	11.064)	/	2 )	/	80.552	*	365
=	10.203					/	80.552	*	365
=	46.23

i3 Verticals'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
=	( (11.064	+	9.711)	/	2 )	/	20.424	*	365 / 4
=	10.3875					/	20.424	*	365 / 4
=	46.41

i3 Verticals Days Payable Related Terms

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i3 Verticals (i3 Verticals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » i3 Verticals Inc (NAS:IIIV) » Definitions » Days Payable

Comparable Companies

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Traded in Other Exchanges

V1K:Germany

Address

40 Burton Hills Boulevard, Suite 415, Nashville, TN, USA, 37215

Website

https://www.i3verticals.com

i3 Verticals Inc offers integrated payment and software solutions to small and medium-sized businesses and organizations in strategic vertical markets. Its operating segment includes Merchant Services and Software and Services. The company generates maximum revenue from the Software and Services segment. The company's strategic vertical market includes schools, the public sector, not-for-profit organizations, healthcare and others. It provides various solutions such as, gateway, payment processing, online payment, Document management, and ERP among others.

Executives

Timothy Mckenna	director	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Gregory S Daily	director, 10 percent owner, officer: Chief Executive Officer	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David K. Morgan	director	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Christopher Laisure	officer: President - Public Sector	40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Paul Christians	officer: Chief Operating Officer	40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Pete Panagakis	officer: Chief Technology Officer	40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Robert Bertke	officer: Chief Technology Officer	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Decosta Jenkins	director	150 THIRD AVENUE SOUTH STE 900, NASHVILLE TN 37201
Frederick Stanford	officer: President	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
Geoffrey C. Smith	officer: VP of Finance	40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215
Robert Burton Harvey	director	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
John C. Harrison	director	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David M Wilds	director, 10 percent owner	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
David Scott Meriwether	officer: SVP - Finance	40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE TN 37215
First Avenue Partners Ii Lp	10 percent owner	C/O I3 VERTICALS, INC., 40 BURTON HILLS BLVD., SUITE 415, NASHVILLE TN 37215