Datable Technology (TSXV:DAC) Days Payable

: 887.29 (As of Sep. 2023)

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Datable Technology's average Accounts Payable for the three months ended in Sep. 2023 was C$1.85 Mil. Datable Technology's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.19 Mil. Hence, Datable Technology's Days Payable for the three months ended in Sep. 2023 was 887.29.

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

TSXV:DAC' s Days Payable Range Over the Past 10 Years
Min: 92.06 Med: 217.57 Max: 357.77
Current: 276.23

During the past 11 years, Datable Technology's highest Days Payable was 357.77. The lowest was 92.06. And the median was 217.57.

TSXV:DAC's Days Payable is ranked better than
87.75% of 2522 companies
in the Software industry
Industry Median: 51.51 vs TSXV:DAC: 276.23

Datable Technology's Days Payable increased from Sep. 2022 (311.40) to Sep. 2023 (887.29). It may suggest that Datable Technology delayed paying its suppliers.

Datable Technology Days Payable Historical Data

The historical data trend for Datable Technology'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.

* Premium members only.

Datable Technology Annual Data

Trend

May13

May14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

217.87

357.77

239.18

92.06

134.11

Datable Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable																311.40	108.54	242.49	841.47	887.29

Competitive Comparison

For the Software - Application subindustry, Datable Technology'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.

Datable Technology Days Payable Distribution

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

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

Datable Technology 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.

Datable Technology's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.661	+	1.343)	/	2 )	/	2.727	*	365
=	1.002					/	2.727	*	365
=	134.11

Datable Technology's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.703	+	1.992)	/	2 )	/	0.19	*	365 / 4
=	1.8475					/	0.19	*	365 / 4
=	887.29

Datable Technology Days Payable Related Terms

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Datable Technology (TSXV:DAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Datable Technology Corp (TSXV:DAC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TTMZF:USA

Address

1062 Homer Street, Suite 301, Vancouver, BC, CAN, V6B 2W9

Website

https://www.datablecorp.com

Datable Technology Corp is a Canada-based technology company. It is operating in the consumer Internet advertising sector. It is a provider of digital and social media consumer engagement, data mining, and loyalty solutions. The company's core product is Platform3, a Software-as-a-Service consumer marketing platform, which enables consumer packaged goods companies and consumer brands to engage consumers and influence purchasing decisions through their mobile devices and online. Its geographical segments are Canada and the United States, of which the majority of its revenue comes from the United States.