Simply (Simply) Days Payable

: 50.44 (As of Jan. 2022)

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Simply's average Accounts Payable for the three months ended in Jan. 2022 was $10.14 Mil. Simply's Cost of Goods Sold for the three months ended in Jan. 2022 was $18.35 Mil. Hence, Simply's Days Payable for the three months ended in Jan. 2022 was 50.44.

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

SIMPQ's Days Payable is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 56.675
* Ranked among companies with meaningful Days Payable only.

Simply's Days Payable increased from Jan. 2021 (47.29) to Jan. 2022 (50.44). It may suggest that Simply delayed paying its suppliers.

Simply Days Payable Historical Data

The historical data trend for Simply'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.

Simply Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Jan20

Jan21

Jan22

Days Payable

251.37

70.77

55.04

55.80

Simply Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22
Days Payable																47.29	60.13	58.74	61.22	50.44

Competitive Comparison

For the Specialty Retail subindustry, Simply'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.

Simply Days Payable Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Simply's Days Payable distribution charts can be found below:

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

Simply 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.

Simply's Days Payable for the fiscal year that ended in Jan. 2022 is calculated as

	Days Payable (A: Jan. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2021 )	+	Accounts Payable (A: Jan. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2022 )	*	Days in Period
=	( (8.901	+	9.929)	/	2 )	/	61.588	*	365
=	9.415					/	61.588	*	365
=	55.80

Simply's Days Payable for the quarter that ended in Jan. 2022 is calculated as:

	Days Payable (Q: Jan. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2021 )	+	Accounts Payable (Q: Jan. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2022 )	*	Days in Period
=	( (10.355	+	9.929)	/	2 )	/	18.347	*	365 / 4
=	10.142					/	18.347	*	365 / 4
=	50.44

Simply Days Payable Related Terms

Thank you for viewing the detailed overview of Simply's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Simply (Simply) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Simply Inc (OTCPK:SIMPQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10801 NW 97th Street, Suite 09, Miami, FL, USA, 33178

Website

https://www.simplyinc.com

Simply Inc through its subsidiary, operates a chain of retail electronics stores and is an authorized reseller of Apple products and other high-profile consumer electronic brands. It operates business in a single segment in the United States through its Simply Mac retail stores.

Executives

House Of Lithium Llc	10 percent owner	100 KING STREET WEST, SUITE 5600, TORONTO A6 M5X 1C9
Sol Global Investments Corp.	10 percent owner	100 KING STREET WEST, SUITE 5600, TORONTO A6 M5X 1C9
Sol Verano Blocker 1 Llc	10 percent owner, other: Wholly-Owned Subsidiary	100 KING STREET WEST, SUITE 5600, TORONTO A6 M5X 1C9
Reinier Voigt	officer: Chief Operating Officer	48 NW 25TH STREET, MIAMI FL 33127
Kevin Taylor	director, other: Chairman of the Board	C/O COOL HOLDINGS, INC., 2001 NW 84TH AVENUE, MIAMI FL 33122
Vincent Earl Virga	director	C/O COOL HOLDINGS, INC., 2001 NW 84TH AVENUE, MIAMI FL 33122
Caravel Cad Fund Ltd.	10 percent owner	#6 LYFORD CAY SHOPPING CENTRE, NEW PROVIDENCE C5 00000
Michael Galloro	director	48 NW 25TH STREET, SUITE 108, MIAMI FL 33127
Mauricio Diaz	director, officer: CEO	48 NW 25 ST 108, MIAMI FL 33127
Carlos Felipe Rezk	director, officer: Chief Sales & Mktg Officer	48 NW 25TH STREET 108, MIAMI FL 33127
Carlos Alfredo Carrasco	officer: Chief Financial Officer	48 NW, 25TH ST., MIAMI FL 33127
Andrew Anthony Defrancesco	director	2300 E LAS OLAS BLVD., 5TH FLOOR, FORT LAUDERDALE FL 33301
Aaron Serruya	director	48 NW 25TH STREET, MIAMI FL 33127
Vernon A Loforti	officer: Chief Financial Officer	4350 EXECUTIVE DRIVE, SUITE 100, SAN DIEGO CA 92121
Roger Laungani	officer: Interim CFO	4350 EXECUTIVE DRIVE, SUITE 100, SAN DIEGO CA 92121