Sonic Foundry (Sonic Foundry) Days Payable : 78.35 (As of Sep. 2023)

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What is Sonic Foundry Days Payable?

Sonic Foundry's average Accounts Payable for the three months ended in Sep. 2023 was $2.02 Mil. Sonic Foundry's Cost of Goods Sold for the three months ended in Sep. 2023 was $2.35 Mil. Hence, Sonic Foundry's Days Payable for the three months ended in Sep. 2023 was 78.35.

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

SOFO' s Days Payable Range Over the Past 10 Years
Min: 42.08 Med: 55.17 Max: 78.84
Current: 74.08

During the past 13 years, Sonic Foundry's highest Days Payable was 78.84. The lowest was 42.08. And the median was 55.17.

SOFO's Days Payable is ranked better than
60.6% of 2523 companies
in the Software industry
Industry Median: 51.48 vs SOFO: 74.08

Sonic Foundry's Days Payable increased from Sep. 2022 (60.41) to Sep. 2023 (78.35). It may suggest that Sonic Foundry delayed paying its suppliers.

Sonic Foundry Days Payable Historical Data

The historical data trend for Sonic Foundry'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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Sonic Foundry Days Payable Chart

Sonic Foundry Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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48.24

66.91

66.68

62.77

78.84

Sonic Foundry Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															60.41	85.21	64.05	66.71	78.35

Competitive Comparison of Sonic Foundry's Days Payable

For the Software - Application subindustry, Sonic Foundry'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.

Sonic Foundry's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Sonic Foundry's Days Payable falls into.

Sonic Foundry 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.

Sonic Foundry'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
=	( (1.904	+	2.094)	/	2 )	/	9.255	*	365
=	1.999					/	9.255	*	365
=	78.84

Sonic Foundry's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.938	+	2.094)	/	2 )	/	2.348	*	365 / 4
=	2.016					/	2.348	*	365 / 4
=	78.35

Sonic Foundry Days Payable Related Terms

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Sonic Foundry (Sonic Foundry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sonic Foundry Inc (OTCPK:SOFO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

222 W. Washington Avenue, Madison, WI, USA, 53703

Website

https://www.sonicfoundry.com

Sonic Foundry Inc is engaged in the business of providing video enterprise solutions and services for the digital-first, distance learning, and corporate communications market. It offers video capture, management, and streaming solutions as well as virtual and hybrid events in education, business, and government. Sonic Foundry's family of brands includes Mediasite, Video Solutions, Vidable and Global Learning Exchange. The company also offers video solutions, including Mediasite Video Platform, Mediasite Video Cloud, Mediasite Capture Solutions, Mediasite Events, Mediasite Services, and Mediasite Customer Care. The company has a geographical presence in the United States, Europe, and the Middle East, Asia, and other places.

Executives

Brian Wiegand	director	8215 GREENWAY BLVD, SUITE 340, MIDDLETON WI 53562
Ron W Busslinger	10 percent owner	27901 VIA DEL AGUA, LAGUNA NIGUEL CA 92677
Joe Jr Mozden	director	3423 WILD PRAIRIE LN, GENEVA IL 60134
Kenneth A Minor	officer: Chief Financial Officer
Nelson A Murphy	director	2300 W INNES ST, SALISBURY NC 28144
Taha Jangda	director	3827 LINKLEA DRIVE, HOUSTON TX 77025
Lawrence William St	director	23 ASHLAND STREET, NEWBURYPORT MA 01950-1905
Kelsy L Boyd	director	2839 PLEASANT VIEW HTS, COTTAGE GROVE WI 53527
Michael Norregaard	officer: Chief Operating Officer	4891 ENCHANTED VALLEY ROAD, MIDDLETON WI 53562
Andrew D. Burish	10 percent owner	8020 EXCELSIOR DRIVE, MADISON WI 53717
David Slayton	director	701 WASHINGTON AVE N. SUITE #400, MINNEAPOLIS WI 55401
Gary Weis	director, officer: Chief Executive Officer & CTO
Kopko Frederick H Jr	director	4901 S ELLIS AVE, CHICAGO IL 60615
Mark D Burish	director	HURLEY, BURISH, MILLIKEN S.C., 301 NORTH BROOM STREET, MADISON WI 53703
David Kleinman	director