SoundThinking (SoundThinking) Days Payable : 26.11 (As of Dec. 2023)

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What is SoundThinking Days Payable?

SoundThinking's average Accounts Payable for the three months ended in Dec. 2023 was $3.16 Mil. SoundThinking's Cost of Goods Sold for the three months ended in Dec. 2023 was $11.04 Mil. Hence, SoundThinking's Days Payable for the three months ended in Dec. 2023 was 26.11.

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

SSTI' s Days Payable Range Over the Past 10 Years
Min: 17.17 Med: 27.65 Max: 44.46
Current: 21.53

During the past 9 years, SoundThinking's highest Days Payable was 44.46. The lowest was 17.17. And the median was 27.65.

SSTI's Days Payable is ranked worse than
77.52% of 2522 companies
in the Software industry
Industry Median: 51.485 vs SSTI: 21.53

SoundThinking's Days Payable increased from Dec. 2022 (14.29) to Dec. 2023 (26.11). It may suggest that SoundThinking delayed paying its suppliers.

SoundThinking Days Payable Historical Data

The historical data trend for SoundThinking'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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SoundThinking Days Payable Chart

SoundThinking Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.65

23.07

19.78

17.17

21.29

SoundThinking 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															14.29	20.34	18.63	20.57	26.11

Competitive Comparison of SoundThinking's Days Payable

For the Software - Application subindustry, SoundThinking'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.

SoundThinking's Days Payable Distribution in the Software Industry

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

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

SoundThinking 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.

SoundThinking'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
=	( (1.633	+	3.031)	/	2 )	/	39.988	*	365
=	2.332					/	39.988	*	365
=	21.29

SoundThinking'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
=	( (3.285	+	3.031)	/	2 )	/	11.035	*	365 / 4
=	3.158					/	11.035	*	365 / 4
=	26.11

SoundThinking Days Payable Related Terms

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SoundThinking (SoundThinking) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SoundThinking Inc (NAS:SSTI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

918:Germany

Address

39300 Civic Center Drive, Suite 300, Fremont, CA, USA, 94538

Website

https://www.soundthinking.com

SoundThinking Inc is a public safety technology company that combines transformative solutions and strategic advisory services for law enforcement and civic leadership. Its flagship SafetySmart platform includes ShotSpotter, the acoustic gunshot detection system, CrimeTracer, the foremost law enforcement search engine, CaseBuilder, a one-stop investigation management system, and ResourceRouter, software that directs patrol and community anti-violence resources to help maximize their impact.

Executives

Gary T Bunyard	officer: Sr. VP Public Safety Solutions	14775 GOLD LEAF COURT, DRAPER UT 84020
Nasim Golzadeh	officer: SVP Customer Support	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., SUITE 210, NEWARK CA 94560
Ralph A. Clark	director, officer: President and CEO	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Deborah A. Elam	director	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Alan R. Stewart	officer: Chief Financial Officer	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Regan Davis	officer: SVP Cust Succs & Field Eng	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Paul S. Ames	officer: Sr. VP Products and Technology	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Robert Samuel Klepper	officer: SVP Marketing and Products	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Randall Hawks	director, 10 percent owner	300 FRANK H. OGAWA PLAZA, #350, OAKLAND CA 94612
Ruby Sharma	director	24 ARNOLD DRIVE, PRINCETON JCT. NJ 08550
Roberta S. Jacobson	director	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Joseph O. Hawkins	officer: Sr. VP, Operations	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Pascal Levensohn	director	CHEMIN DU CONNETABLE 8, COLOGNY, GENEVA V8 1223
Thomas T. Groos	director, 10 percent owner	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Gary M Lauder	10 percent owner	14600 WINCHESTER BLVD, LOS GATOS CA 95030