WeCommerce Holdings (TSXV:WE) Days Payable : 10.51 (As of Dec. 2022)

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What is WeCommerce Holdings Days Payable?

WeCommerce Holdings's average Accounts Payable for the three months ended in Dec. 2022 was C$0.91 Mil. WeCommerce Holdings's Cost of Goods Sold for the three months ended in Dec. 2022 was C$7.89 Mil. Hence, WeCommerce Holdings's Days Payable for the three months ended in Dec. 2022 was 10.51.

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

TSXV:WE's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 51.44
* Ranked among companies with meaningful Days Payable only.

WeCommerce Holdings's Days Payable declined from Dec. 2021 (15.09) to Dec. 2022 (10.51). It may suggest that WeCommerce Holdings accelerated paying its suppliers.

WeCommerce Holdings Days Payable Historical Data

The historical data trend for WeCommerce Holdings'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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WeCommerce Holdings Days Payable Chart

WeCommerce Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

3.48

14.51

18.23

13.25

WeCommerce Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Days Payable	Get a 7-Day Free Trial									15.09	15.69	12.18	10.01	10.51

Competitive Comparison of WeCommerce Holdings's Days Payable

For the Software - Application subindustry, WeCommerce Holdings'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.

WeCommerce Holdings's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where WeCommerce Holdings's Days Payable falls into.

WeCommerce Holdings 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.

WeCommerce Holdings'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
=	( (1.103	+	1.118)	/	2 )	/	30.597	*	365
=	1.1105					/	30.597	*	365
=	13.25

WeCommerce Holdings's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (0.698	+	1.118)	/	2 )	/	7.885	*	365 / 4
=	0.908					/	7.885	*	365 / 4
=	10.51

WeCommerce Holdings Days Payable Related Terms

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WeCommerce Holdings (TSXV:WE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WeCommerce Holdings Ltd (TSXV:WE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

329 Howe Street, PMB 2066, Victoria, BC, CAN, V6C 3N2

Website

https://www.wecommerce.co

WeCommerce Holdings Ltd is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash, Stamped and Foursixty. The company's primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of Software as a Service, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that support Shopify merchants. The company targets businesses within the Shopify ecosystem due to its confidence in the Shopify platform, the fragmented nature of the ecosystem and the attractive economics that the businesses generally exhibit. Its segments include Themes, Apps and Agency.

WeCommerce Holdings (TSXV:WE) Headlines

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