Determine (Determine) Days Payable : 77.06 (As of Dec. 2018)

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What is Determine Days Payable?

Determine's average Accounts Payable for the three months ended in Dec. 2018 was $2.54 Mil. Determine's Cost of Goods Sold for the three months ended in Dec. 2018 was $3.01 Mil. Hence, Determine's Days Payable for the three months ended in Dec. 2018 was 77.06.

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

DTRM's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 51.44
* Ranked among companies with meaningful Days Payable only.

Determine's Days Payable increased from Dec. 2017 (61.88) to Dec. 2018 (77.06). It may suggest that Determine delayed paying its suppliers.

Determine Days Payable Historical Data

The historical data trend for Determine'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.

* Premium members only.

Determine Days Payable Chart

Determine Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Days Payable

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53.95

56.95

65.14

66.38

71.67

Determine Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Days Payable	Get a 7-Day Free Trial															61.88	65.61	68.64	75.64	77.06

Competitive Comparison of Determine's Days Payable

For the Software - Infrastructure subindustry, Determine'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.

Determine's Days Payable Distribution in the Software Industry

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

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

Determine 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.

Determine's Days Payable for the fiscal year that ended in Mar. 2018 is calculated as

	Days Payable (A: Mar. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2017 )	+	Accounts Payable (A: Mar. 2018 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2018 )	*	Days in Period
=	( (2.645	+	2.656)	/	2 )	/	13.498	*	365
=	2.6505					/	13.498	*	365
=	71.67

Determine's Days Payable for the quarter that ended in Dec. 2018 is calculated as:

	Days Payable (Q: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2018 )	+	Accounts Payable (Q: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
=	( (2.453	+	2.634)	/	2 )	/	3.012	*	365 / 4
=	2.5435					/	3.012	*	365 / 4
=	77.06

Determine Days Payable Related Terms

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Determine (Determine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Determine Inc (OTCPK:DTRM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

615 West Carmel Drive, Suite 100, Carmel, IN, USA, 46032

Website

http://www.determine.com

Determine Inc is a provider of SaaS Source-to-Pay and enterprise contract lifecycle management solutions. The Determine cloud platform provides procurement, legal and finance professionals analytics of their supplier, contract, and financial performance. It offers a range of solutions including, sourcing, contract management, procurement, invoice management, financial management, supplier management, and analytics. The Determine cloud platform also offers a business network, or hub, for coordinating buyers, partners, and suppliers looking to engage and collaborate on the Determine cloud platform.

Executives

Alimco Financial Corp	10 percent owner, other: See Remarks	2336 S.E. OCEAN BOULEVARD SUITE 400, STUART FL 34996
Neil S Subin	10 percent owner, other: See Remarks	2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Michael Brodsky	director	C/O NEW WORLD OPPORTUNITY PARTNERS I LLC, 1603 ORRINGTON AVE, STE 1600, EVANSTON IL 60201
Miller Lloyd I Iii	10 percent owner
Alan B Howe	director	1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
Lloyd Sems	director	C/O SEMS CAPITAL, 7 DEY STREET, SUITE 1101, NEW YORK NY 10017
Michael J Casey	director	C/O MAPICS INC, 1000WINDWARD CONCOURSE PKWY STE.100, ALPHARETTA GA 30005
Steel Partners Holdings L.p.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Holdings Llc	10 percent owner	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Llc	10 percent owner	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings Gp Inc.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Llc	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Warren G Lichtenstein	10 percent owner	C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Arnold James Robert Jr.	director	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
James Thanos	director	655 CAMPBELL TECHNOLOGY PARKWAY STE 250 CAMPBELL CA 95008