Sumo Logic (Sumo Logic) Days Payable : 72.02 (As of Jan. 2023)

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What is Sumo Logic Days Payable?

Sumo Logic's average Accounts Payable for the three months ended in Jan. 2023 was $17.6 Mil. Sumo Logic's Cost of Goods Sold for the three months ended in Jan. 2023 was $22.3 Mil. Hence, Sumo Logic's Days Payable for the three months ended in Jan. 2023 was 72.02.

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

SUMO' s Days Payable Range Over the Past 10 Years
Min: 29.33 Med: 40.27 Max: 48.9
Current: 48.9

During the past 6 years, Sumo Logic's highest Days Payable was 48.90. The lowest was 29.33. And the median was 40.27.

SUMO's Days Payable is not ranked
in the Software industry.
Industry Median: 51.485 vs SUMO: 48.90

Sumo Logic's Days Payable increased from Jan. 2022 (34.28) to Jan. 2023 (72.02). It may suggest that Sumo Logic delayed paying its suppliers.

Sumo Logic Days Payable Historical Data

The historical data trend for Sumo Logic'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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Sumo Logic Days Payable Chart

Sumo Logic Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

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46.14

40.27

35.48

29.33

46.83

Sumo Logic Quarterly Data
	Jan18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Days Payable	Get a 7-Day Free Trial													34.28	33.40	39.27	55.22	72.02

Competitive Comparison of Sumo Logic's Days Payable

For the Software - Infrastructure subindustry, Sumo Logic'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.

Sumo Logic's Days Payable Distribution in the Software Industry

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

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

Sumo Logic 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.

Sumo Logic's Days Payable for the fiscal year that ended in Jan. 2023 is calculated as

	Days Payable (A: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2022 )	+	Accounts Payable (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (7.755	+	17.279)	/	2 )	/	97.551	*	365
=	12.517					/	97.551	*	365
=	46.83

Sumo Logic's Days Payable for the quarter that ended in Jan. 2023 is calculated as:

	Days Payable (Q: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2022 )	+	Accounts Payable (Q: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2023 )	*	Days in Period
=	( (17.97	+	17.279)	/	2 )	/	22.329	*	365 / 4
=	17.6245					/	22.329	*	365 / 4
=	72.02

Sumo Logic Days Payable Related Terms

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Sumo Logic (Sumo Logic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sumo Logic Inc (NAS:SUMO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

855 Main Street, Suite 100, Redwood City, CA, USA, 94063

Website

https://www.sumologic.com

Sumo Logic Inc is a software company that empowers the people who power modern, digital businesses. It is engaged in a software-as-a-service analytics platform for reliable and secure cloud-native applications. With its platform, It helps its customers ensure application reliability, secure and protect against modern security threats, and gain insights into their cloud infrastructure. Its multi-tenant, cloud-native platform is Continuous Intelligence Platform, a cloud-native, multi-tenant, secure service that its customers leverage to enable reliability and security of their cloud applications and cloud workloads and provides powerful, real-time, machine data analytics and insights across observability and security solutions. The majority of its revenue is generated in the United States.

Executives

Stewart Grierson	officer: Chief Financial Officer	C/O RUCKUS WIRELESS, INC., 350 WEST JAVA DRIVE, SUNNYVALE CA 94089
Lynne Doherty Mcdonald	officer: President WWD Field Operations	6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Suku Krishnaraj Chettiar	officer: Chief Marketing Officer	305 MAIN STREET, REDWOOD CITY CA 94063
Ramin Sayar	director, officer: See Remarks	305 MAIN STREET, REDWOOD CITY CA 94063
Jennifer Mccord	officer: Chief Accounting Officer	305 MAIN STREET, REDWOOD CITY CA 94063
Christian Beedgen	director	305 MAIN STREET, REDWOOD CITY CA 94063
Katherine Haar	officer: General Counsel and Secretary	305 MAIN STREET, REDWOOD CITY CA 94063
Timothy Youngblood	director	305 MAIN STREET, REDWOOD CITY CA 94043
Harkey John D Jr	director	305 MAIN STREET, REDWOOD CITY CA 94063
Steven D Fitz	officer: Chief Revenue Officer	C/O ISILON SYSTEMS, INC., 3101 WESTERN AVENUE, SEATTLE WA 98121
Margaret Francis	director	305 MAIN STREET, REDWOOD CITY CA 94063
Sydney Carey	officer: Chief Financial Officer	3303 HILLVIEW AVE., PALO ALTO CA 94304
Tracey Newell	director	4750 WILLOW ROAD, PLEASANTON CA 94588
Joseph Ansanelli	director	305 MAIN STREET, REDWOOD CITY CA 94063
Randy Gottfried	director	C/O APPDYNAMICS, INC., 303 SECOND STREET, SAN FRANCISCO CA 94107