Tufin Software Technologies (Tufin Software Technologies) Days Payable : 145.56 (As of Jun. 2022)

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What is Tufin Software Technologies Days Payable?

Tufin Software Technologies's average Accounts Payable for the three months ended in Jun. 2022 was $9.9 Mil. Tufin Software Technologies's Cost of Goods Sold for the three months ended in Jun. 2022 was $6.2 Mil. Hence, Tufin Software Technologies's Days Payable for the three months ended in Jun. 2022 was 145.56.

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

TUFN's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.42
* Ranked among companies with meaningful Days Payable only.

Tufin Software Technologies's Days Payable increased from Jun. 2021 (81.05) to Jun. 2022 (145.56). It may suggest that Tufin Software Technologies delayed paying its suppliers.

Tufin Software Technologies Days Payable Historical Data

The historical data trend for Tufin Software 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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Tufin Software Technologies Days Payable Chart

Tufin Software Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

25.53

51.06

68.84

76.99

73.74

Tufin Software Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Days Payable	Get a 7-Day Free Trial														81.05	88.43	79.16	102.38	145.56

Competitive Comparison of Tufin Software Technologies's Days Payable

For the Software - Infrastructure subindustry, Tufin Software 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.

Tufin Software Technologies's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Tufin Software Technologies's Days Payable falls into.

Tufin Software 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.

Tufin Software Technologies's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (4.147	+	5.191)	/	2 )	/	23.112	*	365
=	4.669					/	23.112	*	365
=	73.74

Tufin Software Technologies's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

	Days Payable (Q: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (8.021	+	11.858)	/	2 )	/	6.231	*	365 / 4
=	9.9395					/	6.231	*	365 / 4
=	145.56

Tufin Software Technologies Days Payable Related Terms

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Tufin Software Technologies (Tufin Software Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tufin Software Technologies Ltd (NYSE:TUFN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 HaShalom Road, ToHa Tower, Tel Aviv, ISR, 6789205

Website

https://www.tufin.com

Tufin Software Technologies Ltd develops, markets, and sells software-based solutions that help organizations visualize, define and enforce a unified security policy across complex, heterogeneous network environments. Its solutions increase business agility, eliminate errors from manual processes, and ensure continuous compliance through a single console. The company's sales of products and services worldwide are made through a global network of distributors and resellers, which sell the products and services to their end-user customers. It derives revenues from licensing of software, sales of hardware, providing maintenance and technical support, and sales of professional services.