SilverSun Technologies (SilverSun Technologies) Days Payable : 40.94 (As of Dec. 2023)

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What is SilverSun Technologies Days Payable?

SilverSun Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $4.03 Mil. SilverSun Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $8.99 Mil. Hence, SilverSun Technologies's Days Payable for the three months ended in Dec. 2023 was 40.94.

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

SSNT' s Days Payable Range Over the Past 10 Years
Min: 29.14 Med: 33.14 Max: 43.46
Current: 37.73

During the past 13 years, SilverSun Technologies's highest Days Payable was 43.46. The lowest was 29.14. And the median was 33.14.

SSNT's Days Payable is ranked worse than
59.14% of 2523 companies
in the Software industry
Industry Median: 51.26 vs SSNT: 37.73

SilverSun Technologies's Days Payable increased from Dec. 2022 (34.45) to Dec. 2023 (40.94). It may suggest that SilverSun Technologies delayed paying its suppliers.

SilverSun Technologies Days Payable Historical Data

The historical data trend for SilverSun Technologies'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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SilverSun Technologies Days Payable Chart

SilverSun Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.47

30.26

29.16

35.87

43.46

SilverSun Technologies 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															34.45	35.94	32.04	35.73	40.94

Competitive Comparison of SilverSun Technologies's Days Payable

For the Software - Application subindustry, SilverSun Technologies'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.

SilverSun Technologies's Days Payable Distribution in the Software Industry

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

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

SilverSun Technologies 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.

SilverSun Technologies'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
=	( (3.273	+	4.563)	/	2 )	/	32.903	*	365
=	3.918					/	32.903	*	365
=	43.46

SilverSun Technologies'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
=	( (3.502	+	4.563)	/	2 )	/	8.988	*	365 / 4
=	4.0325					/	8.988	*	365 / 4
=	40.94

SilverSun Technologies Days Payable Related Terms

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SilverSun Technologies (SilverSun Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SilverSun Technologies Inc (NAS:SSNT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Eagle Rock Avenue, East Hanover, NJ, USA, 07936

Website

https://www.silversuntech.com

SilverSun Technologies Inc is a business application, technology, and consulting company. It is engaged in providing strategies and solutions to meet information, technology and business management needs. Its services and technologies enable customers to manage, protect and monetize their enterprise assets in the cloud. It offers solutions for accounting and business management, financial reporting, enterprise resource planning (ERP), warehouse management systems (WMS), customer relationship management (CRM) and business intelligence (BI). The company has a network services practice, which provides managed services, hosting, business continuity, cloud, e-mail, and Web services.

Executives

Stanley Wunderlich	director
John D. Schachtel	director	979 BATESVILLE ROAD, SUITE B, GREER SC 29651
Joseph P Macaluso	director
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Ault Milton C Iii	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Jeffrey D Roth	10 percent owner	202 VIERA DRIVE, CEDAR KNOLLS NJ 07927-2402
Christine Elizabeth Dye	officer: Chief Financial Officer	120 EAGLE ROCK AVE., SUITE 330, EAST HANOVER NJ 07936
Crandall Iii Melvin	officer: Chief Financial Officer	5 REGENT ST #520, LIVINGSTON NJ 07039
John Rudy	director	C/O ADSTAR INC., 4553 GLENCOE AVENUE SUITE 325, MARINA DEL REY CA 90292
Mark Meller	director, 10 percent owner, officer: President and CEO	C/O TREY RESOURCES, INC., 293 EISENHOWER PARKWAY, SUITE 250, LIVINGSTON NJ 07039
Jerome R Mahoney	director, 10 percent owner, officer: President, Secretary and CEO	C/O VOICE INC, 750 HIGHWAY 34, MATAWAN NJ 07747