Smart Employee Benefits (TSXV:SEB) Days Payable : 113.96 (As of Aug. 2022)

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What is Smart Employee Benefits Days Payable?

Smart Employee Benefits's average Accounts Payable for the three months ended in Aug. 2022 was C$13.11 Mil. Smart Employee Benefits's Cost of Goods Sold for the three months ended in Aug. 2022 was C$10.49 Mil. Hence, Smart Employee Benefits's Days Payable for the three months ended in Aug. 2022 was 113.96.

The historical rank and industry rank for Smart Employee Benefits's Days Payable or its related term are showing as below:

TSXV:SEB's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 51.26
* Ranked among companies with meaningful Days Payable only.

Smart Employee Benefits's Days Payable increased from Aug. 2021 (87.25) to Aug. 2022 (113.96). It may suggest that Smart Employee Benefits delayed paying its suppliers.

Smart Employee Benefits Days Payable Historical Data

The historical data trend for Smart Employee Benefits'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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Smart Employee Benefits Days Payable Chart

Smart Employee Benefits Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Days Payable

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105.55

123.53

123.58

116.39

101.87

Smart Employee Benefits Quarterly Data
	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22
Days Payable	Get a 7-Day Free Trial															87.25	87.34	103.79	107.49	113.96

Competitive Comparison of Smart Employee Benefits's Days Payable

For the Information Technology Services subindustry, Smart Employee Benefits'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.

Smart Employee Benefits's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Smart Employee Benefits's Days Payable falls into.

Smart Employee Benefits 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.

Smart Employee Benefits's Days Payable for the fiscal year that ended in Nov. 2021 is calculated as

	Days Payable (A: Nov. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2020 )	+	Accounts Payable (A: Nov. 2021 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2021 )	*	Days in Period
=	( (10.717	+	11.475)	/	2 )	/	39.757	*	365
=	11.096					/	39.757	*	365
=	101.87

Smart Employee Benefits's Days Payable for the quarter that ended in Aug. 2022 is calculated as:

	Days Payable (Q: Aug. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2022 )	+	Accounts Payable (Q: Aug. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2022 )	*	Days in Period
=	( (13.105	+	0)	/	1 )	/	10.493	*	365 / 4
=	13.105					/	10.493	*	365 / 4
=	113.96

Smart Employee Benefits Days Payable Related Terms

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Smart Employee Benefits (TSXV:SEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smart Employee Benefits Inc (TSXV:SEB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5500 Explorer Drive, 4th Floor, Mississauga, ON, CAN, L4W 5C7

Website

https://www.seb-inc.com

Smart Employee Benefits Inc is a Canadian technology company providing software-enabled services in the areas of healthcare transaction processing, software solutions, and professional services for corporate and government clients. The company's business segments are Benefits and Technology. Its Benefits segment provides software, solutions, services, and products focused on managing group benefit and wellness solutions and healthcare claims processing environments for corporate and government clients. The Technology segment provides solutions in the areas of supply change management, integration, and energy, as well as training and resource provisioning. It earns most of its revenue from the Technology segment.