NoviqTech (ASX:NVQ) Days Payable : 0.00 (As of Jun. 2024)

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What is NoviqTech Days Payable?

NoviqTech's average Accounts Payable for the six months ended in Jun. 2024 was A$0.35 Mil. NoviqTech's Cost of Goods Sold for the six months ended in Jun. 2024 was A$0.00 Mil.

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

ASX:NVQ's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 48.75
* Ranked among companies with meaningful Days Payable only.

NoviqTech's Days Payable stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00).

NoviqTech Days Payable Historical Data

The historical data trend for NoviqTech'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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NoviqTech Days Payable Chart

NoviqTech Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

NoviqTech Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of NoviqTech's Days Payable

For the Software - Application subindustry, NoviqTech'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.

NoviqTech's Days Payable Distribution in the Software Industry

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

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

NoviqTech 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.

NoviqTech's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.262	+	0.093)	/	2 )	/	0	*	365
=	0.1775					/	0	*	365
=	N/A

NoviqTech's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.137	+	0.57)	/	2 )	/	0	*	365 / 2
=	0.3535					/	0	*	365 / 2
=	N/A

NoviqTech Days Payable Related Terms

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NoviqTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NoviqTech Ltd (ASX:NVQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

63Q0:Germany

Address

16 Nexus Way, Southport, QLD, AUS, 4215

Website

https://www.noviqtech.com

NoviqTech Ltd is a company which operates through its subsidiary TYMLEZ Group Ltd delivers novel and innovative technologies to organisations across the globe in sectors from maritime to regenerative agriculture, empowering them to make more informed decisions, track their carbon emissions with precision, and validate the authenticity of their products' origins all in real-time. NoviqAI's solutions deliver's supply chain traceability following the ethos of sustainability and carbon emissions reporting. Through the For personal use only use of DLT and Artificial Intelligence, NoviqAI will offer traceability solutions to various sectors including food, pharmaceuticals, fashion, and electronics while also prioritizing sustainability.