Market Cap : 626.23 M | Enterprise Value : 566.03 M | PE Ratio : 66.70 | PB Ratio : 4.43 |
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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.
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 thanMitek 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.
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
* The bar in red indicates where Mitek Systems's Days Payable falls into.
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.
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