The Descartes Systems Group (TSX:DSG) Days Payable : 40.42 (As of Jan. 2024)

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What is The Descartes Systems Group Days Payable?

The Descartes Systems Group's average Accounts Payable for the three months ended in Jan. 2024 was C$21.5 Mil. The Descartes Systems Group's Cost of Goods Sold for the three months ended in Jan. 2024 was C$48.5 Mil. Hence, The Descartes Systems Group's Days Payable for the three months ended in Jan. 2024 was 40.42.

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

TSX:DSG' s Days Payable Range Over the Past 10 Years
Min: 27.46 Med: 32.59 Max: 37.02
Current: 35.36

During the past 13 years, The Descartes Systems Group's highest Days Payable was 37.02. The lowest was 27.46. And the median was 32.59.

TSX:DSG's Days Payable is ranked worse than
61.63% of 2523 companies
in the Software industry
Industry Median: 51.44 vs TSX:DSG: 35.36

The Descartes Systems Group's Days Payable increased from Jan. 2023 (36.84) to Jan. 2024 (40.42). It may suggest that The Descartes Systems Group delayed paying its suppliers.

The Descartes Systems Group Days Payable Historical Data

The historical data trend for The Descartes Systems 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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The Descartes Systems Group Days Payable Chart

The Descartes Systems Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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27.46

32.15

33.32

33.02

37.02

The Descartes Systems Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															36.84	31.76	32.59	34.69	40.42

Competitive Comparison of The Descartes Systems Group's Days Payable

For the Software - Application subindustry, The Descartes Systems 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.

The Descartes Systems Group's Days Payable Distribution in the Software Industry

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

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

The Descartes Systems 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.

The Descartes Systems Group's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (14.186	+	23.469)	/	2 )	/	185.633	*	365
=	18.8275					/	185.633	*	365
=	37.02

The Descartes Systems Group's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (19.468	+	23.469)	/	2 )	/	48.472	*	365 / 4
=	21.4685					/	48.472	*	365 / 4
=	40.42

The Descartes Systems Group Days Payable Related Terms

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The Descartes Systems Group (TSX:DSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Descartes Systems Group Inc (TSX:DSG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DSGX:USA DC2:Germany

Address

120 Randall Drive, Waterloo, ON, CAN, N2V 1C6

Website

https://www.descartes.com

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.