TruTrace Technologies (XCNQ:TTT) Days Payable : 1,794.73 (As of Jan. 2023)

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What is TruTrace Technologies Days Payable?

TruTrace Technologies's average Accounts Payable for the three months ended in Jan. 2023 was C$1.99 Mil. TruTrace Technologies's Cost of Goods Sold for the three months ended in Jan. 2023 was C$0.10 Mil. Hence, TruTrace Technologies's Days Payable for the three months ended in Jan. 2023 was 1,794.73.

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

XCNQ:TTT's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 53.92
* Ranked among companies with meaningful Days Payable only.

TruTrace Technologies's Days Payable increased from Jan. 2022 (932.89) to Jan. 2023 (1,794.73). It may suggest that TruTrace Technologies delayed paying its suppliers.

TruTrace Technologies Days Payable Historical Data

The historical data trend for TruTrace 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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TruTrace Technologies Days Payable Chart

TruTrace Technologies Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Apr19

Apr20

Apr21

Apr22

Days Payable

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110.78

674.69

1,518.17

1,210.42

TruTrace Technologies Quarterly Data
	Mar18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Days Payable	Get a 7-Day Free Trial															932.89	7,197.34	2,017.35	1,674.48	1,794.73

Competitive Comparison of TruTrace Technologies's Days Payable

For the Software - Application subindustry, TruTrace 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.

TruTrace Technologies's Days Payable Distribution in the Software Industry

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

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

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TruTrace 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.

TruTrace Technologies's Days Payable for the fiscal year that ended in Apr. 2022 is calculated as

	Days Payable (A: Apr. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2021 )	+	Accounts Payable (A: Apr. 2022 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2022 )	*	Days in Period
=	( (1.76	+	1.921)	/	2 )	/	0.555	*	365
=	1.8405					/	0.555	*	365
=	1,210.42

TruTrace Technologies's Days Payable for the quarter that ended in Jan. 2023 is calculated as:

	Days Payable (Q: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2022 )	+	Accounts Payable (Q: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2023 )	*	Days in Period
=	( (1.957	+	2.016)	/	2 )	/	0.101	*	365 / 4
=	1.9865					/	0.101	*	365 / 4
=	1,794.73

TruTrace Technologies Days Payable Related Terms

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TruTrace Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TruTrace Technologies Inc (XCNQ:TTT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Regal Road, Toronto, ON, CAN, M6H 2J6

Website

https://www.trutrace.co

TruTrace Technologies Inc is the developer of fully integrated software, secured on a blockchain infrastructure, that gives clients' the ability to store, manage, share and immediately access quality assurance and testing details, COAs, as well as motion and movement intelligence on inventory. The platform was specifically designed to power the traceability of testing standards within the legal cannabis, nutraceutical, food and pharmaceutical space with a focus on the authentication of source materials or ingredients used in formulation.

Executives

Cesare Fazari	Director
Thomas Dermonte Stephenson	Senior Officer
Michael Kraft	Director

TruTrace Technologies Headlines

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