Quarterhill (Quarterhill) Days Payable : 56.77 (As of Dec. 2023)

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What is Quarterhill Days Payable?

Quarterhill's average Accounts Payable for the three months ended in Dec. 2023 was $21.8 Mil. Quarterhill's Cost of Goods Sold for the three months ended in Dec. 2023 was $35.0 Mil. Hence, Quarterhill's Days Payable for the three months ended in Dec. 2023 was 56.77.

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

QTRHF' s Days Payable Range Over the Past 10 Years
Min: 8.89 Med: 39.82 Max: 73.38
Current: 71.47

During the past 13 years, Quarterhill's highest Days Payable was 73.38. The lowest was 8.89. And the median was 39.82.

QTRHF's Days Payable is ranked better than
52.79% of 2419 companies
in the Hardware industry
Industry Median: 67.95 vs QTRHF: 71.47

Quarterhill's Days Payable declined from Dec. 2022 (91.78) to Dec. 2023 (56.77). It may suggest that Quarterhill accelerated paying its suppliers.

Quarterhill Days Payable Historical Data

The historical data trend for Quarterhill'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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Quarterhill Days Payable Chart

Quarterhill Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.15

41.03

73.36

72.66

62.33

Quarterhill 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															91.78	75.10	89.32	79.37	56.77

Competitive Comparison of Quarterhill's Days Payable

For the Communication Equipment subindustry, Quarterhill'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.

Quarterhill's Days Payable Distribution in the Hardware Industry

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

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

Quarterhill 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.

Quarterhill'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
=	( (15.735	+	23.397)	/	2 )	/	114.579	*	365
=	19.566					/	114.579	*	365
=	62.33

Quarterhill'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
=	( (20.131	+	23.397)	/	2 )	/	34.983	*	365 / 4
=	21.764					/	34.983	*	365 / 4
=	56.77

Quarterhill Days Payable Related Terms

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Quarterhill (Quarterhill) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quarterhill Inc (OTCPK:QTRHF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

QTRH:Canada

Address

25 King Street West, Suite 1101, Toronto, ON, CAN, M5L 2A1

Website

https://www.quarterhill.com

Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. It operates in two segments Licensing, which includes companies that count licensing as their principal business activity, and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets. Its geographical segments are the United States, Canada, Chile, China, Korea, Singapore, Taiwan, Thailand, Ukraine, and the Rest of the world. The majority of the revenue comes from the United States.