Sapiens International NV (Sapiens International NV) Days Payable

: 9.01 (As of Dec. 2023)

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Sapiens International NV's average Accounts Payable for the three months ended in Dec. 2023 was $7.4 Mil. Sapiens International NV's Cost of Goods Sold for the three months ended in Dec. 2023 was $74.9 Mil. Hence, Sapiens International NV's Days Payable for the three months ended in Dec. 2023 was 9.01.

The historical rank and industry rank for Sapiens International NV's Days Payable or its related term are showing as below:

SPNS' s Days Payable Range Over the Past 10 Years
Min: 6.95 Med: 11.83 Max: 18.1
Current: 8.7

During the past 13 years, Sapiens International NV's highest Days Payable was 18.10. The lowest was 6.95. And the median was 11.83.

SPNS's Days Payable is ranked worse than
93.3% of 2522 companies
in the Software industry
Industry Median: 51.51 vs SPNS: 8.70

Sapiens International NV's Days Payable declined from Dec. 2022 (13.98) to Dec. 2023 (9.01). It may suggest that Sapiens International NV accelerated paying its suppliers.

Sapiens International NV Days Payable Historical Data

The historical data trend for Sapiens International NV'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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Sapiens International NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.47

8.44

6.95

9.59

9.72

Sapiens International NV 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															13.98	7.56	6.78	10.37	9.01

Competitive Comparison

For the Software - Application subindustry, Sapiens International NV'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.

Sapiens International NV Days Payable Distribution

For the Software industry and Technology sector, Sapiens International NV's Days Payable distribution charts can be found below:

* The bar in red indicates where Sapiens International NV's Days Payable falls into.

Sapiens International NV 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.

Sapiens International NV's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (9.415	+	6.291)	/	2 )	/	294.99	*	365
=	7.853					/	294.99	*	365
=	9.72

Sapiens International NV'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
=	( (8.508	+	6.291)	/	2 )	/	74.91	*	365 / 4
=	7.3995					/	74.91	*	365 / 4
=	9.01

Sapiens International NV Days Payable Related Terms

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Sapiens International NV (Sapiens International NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sapiens International Corp NV (NAS:SPNS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SPNS:Israel S3P:Germany S3P:Germany

Address

26 Harokmim Street, Azrieli Center, Holon, ISR, 5885800

Website

https://www.sapiens.com

Sapiens International Corp NV is a provider of software solutions for the insurance industry, with an emerging focus on the financial services sector. The company offers software, solutions and professional services for property & casualty (P&C); reinsurance; life, pension & annuity (L&A); workers' compensation (WC); medical professional liability (MPL); financial & compliance (F&C); and decision modelling for both insurance and financial markets. The group also provides services for project delivery and implementation services, for its Software Solutions portfolio. Geographically, it operates in the region of North America, United Kingdom, Israel, and other European countries and Rest of the World and derives the majority of its income from North American region.