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Mitek Systems Days Payable

: 81.38 (As of Dec. 2020)
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Mitek Systems's average Accounts Payable for the three months ended in Dec. 2020 was $3.7 Mil. Mitek Systems's Cost of Goods Sold for the three months ended in Dec. 2020 was $4.1 Mil. Hence, Mitek Systems's Days Payable for the three months ended in Dec. 2020 was 81.38.

NAS:MITK' s Days Payable Range Over the Past 10 Years
Min: 91.56   Med: 149.84   Max: 311.64
Current: 95.72
91.56
311.64

During the past 13 years, Mitek Systems's highest Days Payable was 311.64. The lowest was 91.56. And the median was 149.84.

NAS:MITK's Days Payable is ranked higher than
66% of the 2025 Companies
in the Software industry.

( Industry Median: 54.88 vs. NAS:MITK: 95.72 )

Mitek Systems's Days Payable declined from Dec. 2019 (121.69) to Dec. 2020 (81.38). It may suggest that Mitek Systems accelerated paying its suppliers.

Mitek Systems Days Payable Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Mitek Systems Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 153.53 146.14 115.37 106.05 103.26

Mitek Systems Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 121.69 103.01 94.34 104.76 81.38
Competitive Comparison
* 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.

Mitek Systems Days Payable Distribution

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


Mitek Systems 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.

Mitek Systems's Days Payable for the fiscal year that ended in Sep. 2020 is calculated as

Days Payable (A: Sep. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2019 ) + Accounts Payable (A: Sep. 2020 )) / count ) / Cost of Goods Sold (A: Sep. 2020 )*Days in Period
=( (3.555 + 3.909) / 2 ) / 13.192*365
=3.732 / 13.192*365
=103.26

Mitek Systems's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

Days Payable (Q: Dec. 2020 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2020 ) + Accounts Payable (Q: Dec. 2020 )) / count ) / Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=( (3.909 + 3.472) / 2 ) / 4.138*365 / 4
=3.6905 / 4.138*365 / 4
=81.38

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Mitek Systems Days Payable Related Terms

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