Porch Group (Porch Group) Days Payable : 23.44 (As of Dec. 2023)

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What is Porch Group Days Payable?

Porch Group's average Accounts Payable for the three months ended in Dec. 2023 was $8.9 Mil. Porch Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $34.7 Mil. Hence, Porch Group's Days Payable for the three months ended in Dec. 2023 was 23.44.

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

PRCH' s Days Payable Range Over the Past 10 Years
Min: 12.45 Med: 50.25 Max: 145.58
Current: 13.13

During the past 5 years, Porch Group's highest Days Payable was 145.58. The lowest was 12.45. And the median was 50.25.

PRCH's Days Payable is ranked worse than
88.29% of 2519 companies
in the Software industry
Industry Median: 50.96 vs PRCH: 13.13

Porch Group's Days Payable declined from Dec. 2022 (29.37) to Dec. 2023 (23.44). It may suggest that Porch Group accelerated paying its suppliers.

Porch Group Days Payable Historical Data

The historical data trend for Porch Group'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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Porch Group Days Payable Chart

Porch Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

81.59

145.58

50.25

22.45

12.45

Porch Group Quarterly Data
	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												29.37	11.09	8.71	15.84	23.44

Competitive Comparison of Porch Group's Days Payable

For the Software - Application subindustry, Porch Group'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.

Porch Group's Days Payable Distribution in the Software Industry

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

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

Porch Group 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.

Porch Group'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
=	( (6.268	+	8.761)	/	2 )	/	220.243	*	365
=	7.5145					/	220.243	*	365
=	12.45

Porch Group'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
=	( (9.054	+	8.761)	/	2 )	/	34.677	*	365 / 4
=	8.9075					/	34.677	*	365 / 4
=	23.44

Porch Group Days Payable Related Terms

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Porch Group (Porch Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Porch Group Inc (NAS:PRCH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

32RD:Germany

Address

411 1st Avenue South, Suite 501, Seattle, WA, USA, 98104

Website

https://porch.com

Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has two reportable segments: The vertical Software segment provides software and services to home services companies. The Vertical Software segment has three types of customers: home services companies, such as home inspectors, mortgage companies, and loan officers, consumers, such as homebuyers and homeowners, and service providers, such as moving companies, security companies, and title companies, and The insurance segment offers various property-related insurance policies through its risk-bearing carrier, independent agency, and risk-bearing home warranty companies.

Executives

Camilla Velasquez	director	C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104
Rachel Lam	director	C/O TREMOR VIDEO, INC., 53 WEST 23RD STREET, NEW YORK NY 10010
Matt Ehrlichman	director, 10 percent owner, officer: CEO, Chairman and Founder	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Park West Asset Management Llc	10 percent owner	1 LETTERMAN DRIVE, SUITE C5-900, SAN FRANCISCO CA 94129
Sean Davis Kell	director	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Matthew Neagle	officer: Chief Operating Officer	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Shawn Tabak	officer: Chief Financial Officer	23 BERENS DRIVE, KENTFIELD CA 94904
Amanda L Reierson	director	C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104
Martin L. Heimbigner	officer: Chief Financial Officer	110 - 110TH AVE., NE, SUITE 300, BELLEVUE WA 98004
Asha Sharma	director	2201 1ST AVENUE SOUTH, SUITE 300, SEATTLE WA 98134
Maurice Tulloch	director	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Thomas D Hennessy	director	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Regi Vengalil	director	411 1ST AVENUE SOUTH, SUITE 501, SEATTLE WA 98104
Javier Saade	director	2201 1ST AVENUE SOUTH, SUITE 300, SEATTLE WA 98134
Alan R Pickerill	director	C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104