Abra Information Technologies (XTAE:ABRA) Days Payable : 20.41 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Abra Information Technologies Days Payable?

Abra Information Technologies's average Accounts Payable for the three months ended in Dec. 2023 was ₪16.3 Mil. Abra Information Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪72.8 Mil. Hence, Abra Information Technologies's Days Payable for the three months ended in Dec. 2023 was 20.41.

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

XTAE:ABRA' s Days Payable Range Over the Past 10 Years
Min: 18.99 Med: 35.57 Max: 71.64
Current: 18.99

During the past 13 years, Abra Information Technologies's highest Days Payable was 71.64. The lowest was 18.99. And the median was 35.57.

XTAE:ABRA's Days Payable is ranked worse than
81.16% of 2526 companies
in the Software industry
Industry Median: 50.42 vs XTAE:ABRA: 18.99

Abra Information Technologies's Days Payable increased from Dec. 2022 (17.59) to Dec. 2023 (20.41). It may suggest that Abra Information Technologies delayed paying its suppliers.

Abra Information Technologies Days Payable Historical Data

The historical data trend for Abra Information 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.

* Premium members only.

Abra Information Technologies Days Payable Chart

Abra Information Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

44.72

35.05

22.67

21.36

21.29

Abra Information Technologies Quarterly Data
	Dec18	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															17.59	18.31	17.64	17.36	20.41

Competitive Comparison of Abra Information Technologies's Days Payable

For the Software - Application subindustry, Abra Information 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.

Abra Information Technologies's Days Payable Distribution in the Software Industry

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

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

Abra Information 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.

Abra Information Technologies'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
=	( (16.845	+	18.332)	/	2 )	/	301.567	*	365
=	17.5885					/	301.567	*	365
=	21.29

Abra Information Technologies'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
=	( (14.237	+	18.332)	/	2 )	/	72.799	*	365 / 4
=	16.2845					/	72.799	*	365 / 4
=	20.41

Abra Information Technologies Days Payable Related Terms

Thank you for viewing the detailed overview of Abra Information Technologies's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Abra Information Technologies (XTAE:ABRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Abra Information Technologies Ltd (XTAE:ABRA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 HaNehoshet Street, Tel Aviv, ISR, 60212

Website

https://www.abra-it.com

Abra Information Technologies Ltd delivers creative solutions in the field of IT, contributing to the growth and evolving of companies, businesses, and organizations in numerous industries. It provides a solution to Web & Mobile Development, Ecommerce, Cyber Consulting, etc.

Abra Information Technologies (XTAE:ABRA) Headlines

No Headlines