Red Violet (Red Violet) Days Payable : 49.49 (As of Dec. 2023)

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What is Red Violet Days Payable?

Red Violet's average Accounts Payable for the three months ended in Dec. 2023 was $1.81 Mil. Red Violet's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.34 Mil. Hence, Red Violet's Days Payable for the three months ended in Dec. 2023 was 49.49.

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

RDVT' s Days Payable Range Over the Past 10 Years
Min: 53.9 Med: 66.74 Max: 101.92
Current: 55.23

During the past 8 years, Red Violet's highest Days Payable was 101.92. The lowest was 53.90. And the median was 66.74.

RDVT's Days Payable is ranked better than
52.08% of 2519 companies
in the Software industry
Industry Median: 50.96 vs RDVT: 55.23

Red Violet's Days Payable declined from Dec. 2022 (57.14) to Dec. 2023 (49.49). It may suggest that Red Violet accelerated paying its suppliers.

Red Violet Days Payable Historical Data

The historical data trend for Red Violet'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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Red Violet Days Payable Chart

Red Violet Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.28

68.19

59.99

57.30

53.90

Red Violet 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															57.14	65.65	56.88	50.72	49.49

Competitive Comparison of Red Violet's Days Payable

For the Software - Application subindustry, Red Violet'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.

Red Violet's Days Payable Distribution in the Software Industry

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

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

Red Violet 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.

Red Violet'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
=	( (2.229	+	1.631)	/	2 )	/	13.069	*	365
=	1.93					/	13.069	*	365
=	53.90

Red Violet'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
=	( (1.989	+	1.631)	/	2 )	/	3.337	*	365 / 4
=	1.81					/	3.337	*	365 / 4
=	49.49

Red Violet Days Payable Related Terms

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Red Violet (Red Violet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Red Violet Inc (NAS:RDVT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2KH:Germany

Address

2650 North Military Trail, Suite 300, Boca Raton, FL, USA, 33431

Website

https://www.redviolet.com

Red Violet Inc is a software and services company. It specializes in big data analysis, providing cloud-based, mission-critical information solutions to enterprises in a variety of industries. Through its CORE data fusion platform, it provides mission-critical information about individuals, businesses, and assets.

Executives

Michael Brauser	10 percent owner	4400 BISCAYNE BLVD., SUITE 850, MIAMI FL 33137
Greater Miami Jewish Federation, Inc.	10 percent owner	4200 BISCAYNE BLVD., MIAMI FL 33137
Lisa M. Stanton	director	17064 CROSSGATE DRIVE, JUPITER FL 33477
Peter Benz	director	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Frost Phillip Md Et Al	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Derek Dubner	director, officer: Chief Executive Officer	2650 N. MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
James Patrick Reilly	officer: President	2650 N. MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
Daniel Maclachlan	officer: Chief Financial Officer	2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
Robert Swayman	director	5022 NW 102 DRIVE, CORAL SPRINGS FL 33076
Ryan Schulke	10 percent owner	C/O IDI, INC., 2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
Steven D Rubin	director	OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137
Jinbo Wang	officer: Chief Accounting Officer, other: Principal Accounting Officer	C/O TIGER MEDIA, INC. ROOM 1705, 511 WEIHAI ROAD, JING AN DISTRICT, SHANGHAI F4 200041
Jeffrey Alan Dell	officer: Chief Information Officer	C/O IDI, INC., 2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431