Advant-e (Advant-e) Days Payable : 23.05 (As of Dec. 2012)

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What is Advant-e Days Payable?

Advant-e's average Accounts Payable for the three months ended in Dec. 2012 was $0.24 Mil. Advant-e's Cost of Goods Sold for the three months ended in Dec. 2012 was $0.95 Mil. Hence, Advant-e's Days Payable for the three months ended in Dec. 2012 was 23.05.

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

ADVCD's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.36
* Ranked among companies with meaningful Days Payable only.

Advant-e's Days Payable increased from Dec. 2011 (13.21) to Dec. 2012 (23.05). It may suggest that Advant-e delayed paying its suppliers.

Advant-e Days Payable Historical Data

The historical data trend for Advant-e'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.

Advant-e Days Payable Chart

Advant-e Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Payable

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21.99

16.55

9.77

9.27

18.94

Advant-e Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Days Payable	Get a 7-Day Free Trial															13.21	10.39	10.86	13.51	23.05

Competitive Comparison of Advant-e's Days Payable

For the Software - Application subindustry, Advant-e'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.

Advant-e's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Advant-e's Days Payable falls into.

Advant-e 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.

Advant-e's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

	Days Payable (A: Dec. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2011 )	+	Accounts Payable (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (0.112	+	0.299)	/	2 )	/	3.96	*	365
=	0.2055					/	3.96	*	365
=	18.94

Advant-e's Days Payable for the quarter that ended in Dec. 2012 is calculated as:

	Days Payable (Q: Dec. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2012 )	+	Accounts Payable (Q: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
=	( (0.183	+	0.299)	/	2 )	/	0.954	*	365 / 4
=	0.241					/	0.954	*	365 / 4
=	23.05

Advant-e Days Payable Related Terms

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Advant-e (Advant-e) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Advant-e Corp (OTCPK:ADVCD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2434 Esquire Drive, Beavercreek, OH, USA, 45431

Website

http://www.advant-e.com

Advant-e Corp is a United States based company engaged in the development, marketing, reselling and hosting software and provides services, through its wholly-owned subsidiaries. The services allow the customers to send and receive business documents in standard and proprietary formats. The group specializes in providing hosted electronic data interchange solutions that utilize the internet as the primary communications method.

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