Lite Access Technologies (TSXV:LTE) Days Payable : 55.24 (As of Dec. 2023)

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What is Lite Access Technologies Days Payable?

Lite Access Technologies's average Accounts Payable for the three months ended in Dec. 2023 was C$0.47 Mil. Lite Access Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.78 Mil. Hence, Lite Access Technologies's Days Payable for the three months ended in Dec. 2023 was 55.24.

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

TSXV:LTE' s Days Payable Range Over the Past 10 Years
Min: 34.66 Med: 79.37 Max: 1178.45
Current: 49.86

During the past 10 years, Lite Access Technologies's highest Days Payable was 1178.45. The lowest was 34.66. And the median was 79.37.

TSXV:LTE's Days Payable is not ranked
in the Hardware industry.
Industry Median: 67.83 vs TSXV:LTE: 49.86

Lite Access Technologies's Days Payable increased from Dec. 2022 (34.96) to Dec. 2023 (55.24). It may suggest that Lite Access Technologies delayed paying its suppliers.

Lite Access Technologies Days Payable Historical Data

The historical data trend for Lite Access 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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Lite Access Technologies Days Payable Chart

Lite Access Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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1,178.45

380.01

86.98

50.73

Lite Access 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															34.96	41.17	74.99	44.37	55.24

Competitive Comparison of Lite Access Technologies's Days Payable

For the Communication Equipment subindustry, Lite Access 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.

Lite Access Technologies's Days Payable Distribution in the Hardware Industry

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

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

Lite Access 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.

Lite Access Technologies's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.782	+	0.507)	/	2 )	/	4.637	*	365
=	0.6445					/	4.637	*	365
=	50.73

Lite Access 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
=	( (0.507	+	0.441)	/	2 )	/	0.783	*	365 / 4
=	0.474					/	0.783	*	365 / 4
=	55.24

Lite Access Technologies Days Payable Related Terms

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Lite Access Technologies (TSXV:LTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lite Access Technologies Inc (TSXV:LTE) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

110 – 6039 196 Street, Surrey, BC, CAN, V3S 7X4

Website

https://www.liteaccess.com

Lite Access Technologies Inc is a manufacturer, distributor, and installer of fibre optic technology, specializing in micro ducts and air-blown fibre. The company also provides construction options for the deployment of the fibre optic. The business of the company operates in three reporting segments: Product sales, Fibre optic installations and concrete cutting. Fibre optic installations account for the majority of revenue. Its geographical segments are Canada, the United States, the United Kingdom, and others, of which the majority of its revenue comes from Canada.

Lite Access Technologies (TSXV:LTE) Headlines

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