WEX (WEX) Days Payable : 546.70 (As of Dec. 2023)

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What is WEX Days Payable?

WEX's average Accounts Payable for the three months ended in Dec. 2023 was $1,533 Mil. WEX's Cost of Goods Sold for the three months ended in Dec. 2023 was $256 Mil. Hence, WEX's Days Payable for the three months ended in Dec. 2023 was 546.70.

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

WEX' s Days Payable Range Over the Past 10 Years
Min: 310.85 Med: 419.93 Max: 542.34
Current: 542.34

During the past 13 years, WEX's highest Days Payable was 542.34. The lowest was 310.85. And the median was 419.93.

WEX's Days Payable is ranked better than
93.14% of 2522 companies
in the Software industry
Industry Median: 51.485 vs WEX: 542.34

WEX's Days Payable increased from Dec. 2022 (504.82) to Dec. 2023 (546.70). It may suggest that WEX delayed paying its suppliers.

WEX Days Payable Historical Data

The historical data trend for WEX'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.

WEX Days Payable Chart

WEX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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426.98

406.67

396.91

412.87

477.88

WEX 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															504.82	490.36	570.72	630.60	546.70

Competitive Comparison of WEX's Days Payable

For the Software - Infrastructure subindustry, WEX'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.

WEX's Days Payable Distribution in the Software Industry

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

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

WEX 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.

WEX's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1225	+	1323.6)	/	2 )	/	973.3	*	365
=	1274.3					/	973.3	*	365
=	477.88

WEX'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
=	( (1742.7	+	1323.6)	/	2 )	/	255.9	*	365 / 4
=	1533.15					/	255.9	*	365 / 4
=	546.70

WEX Days Payable Related Terms

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WEX (WEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WEX Inc (NYSE:WEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WL9:Germany

Address

1 Hancock Street, Portland, ME, USA, 04101

Website

https://www.wexinc.com

WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Fleet solutions, Travel & Corporate Solutions, and Health & Employee Benefit Solutions. Fleet Solutions, the largest segment by revenue, provides fleet vehicle payment-processing services for commercial and government fleets. Travel and corporate solutions offer business-to-business payment processing and transaction monitoring services. Health and employee benefit solutions generate revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.

Executives

Jack Vanwoerkom	director
Jennifer Kimball	officer: Interim CFO	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Stephen Montgomery Smith	director	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Robert Joseph Deshaies	officer: President, WEX Health	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Melanie J Tinto	officer: Chief Human Resources Officer	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
James R Groch	director	50 SOUTH 16TH STREET, SUITE 3000, PHILADELPHIA PA 19102
Carlos Carriedo	officer: COO, International	C/0 WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Melissa D Goodwin	officer: SVP, Finance and CFO	C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Regina O Sommer	director	201 JONES RD, WALTHAM MA 02451
David G Cooper	officer: Chief Technology Officer	C/O WEX INC., 9, SOUTH PORTLAND ME 04106
Hilary A Rapkin	officer: SVP, Gen. Counsel & Corp. Sec.	C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Derrick A. Roman	director	C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE, SE, HICKORY NC 28602
Jagtar Narula	officer: Chief Financial Officer	333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Karen B. Stroup	officer: Chief Digital Officer	440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Bhavana Bartholf	director	C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106