Splitit Payments (ASX:SPT) Days Payable : 1,051.53 (As of Jun. 2023)

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What is Splitit Payments Days Payable?

Splitit Payments's average Accounts Payable for the six months ended in Jun. 2023 was A$5.49 Mil. Splitit Payments's Cost of Goods Sold for the six months ended in Jun. 2023 was A$0.95 Mil. Hence, Splitit Payments's Days Payable for the six months ended in Jun. 2023 was 1,051.53.

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

ASX:SPT' s Days Payable Range Over the Past 10 Years
Min: 569.89 Med: 814.5 Max: 977.42
Current: 977.42

During the past 4 years, Splitit Payments's highest Days Payable was 977.42. The lowest was 569.89. And the median was 814.50.

ASX:SPT's Days Payable is ranked better than
95.42% of 2532 companies
in the Software industry
Industry Median: 50.145 vs ASX:SPT: 977.42

Splitit Payments's Days Payable increased from Jun. 2022 (830.46) to Jun. 2023 (1,051.53). It may suggest that Splitit Payments delayed paying its suppliers.

Splitit Payments Days Payable Historical Data

The historical data trend for Splitit Payments'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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Splitit Payments Days Payable Chart

Splitit Payments Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

569.99

953.64

916.34

666.43

Splitit Payments Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial					4,744.00	520.23	830.46	646.54	1,051.53

Competitive Comparison of Splitit Payments's Days Payable

For the Software - Infrastructure subindustry, Splitit Payments'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.

Splitit Payments's Days Payable Distribution in the Software Industry

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

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

Splitit Payments 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.

Splitit Payments'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
=	( (3.886	+	2.614)	/	2 )	/	1.78	*	365
=	3.25					/	1.78	*	365
=	666.43

Splitit Payments's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (2.614	+	8.368)	/	2 )	/	0.953	*	365 / 2
=	5.491					/	0.953	*	365 / 2
=	1,051.53

Splitit Payments Days Payable Related Terms

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

Splitit Payments (ASX:SPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Splitit Payments Ltd (ASX:SPT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

STTTF:USA

Address

32 HaArba'a Street, Tel Aviv, ISR, 6473970

Website

https://www.splitit.com

Splitit Payments Ltd is a cross-border payment solution enabling customers to pay for purchases with an existing debit or credit card by splitting the purchase into fee and interest-free monthly installments, without the need for registration, application, or approval. Splitit operates in three geographical regions: North America, the United Kingdom & Europe, and Australia.