Epsilon Net (ATH:EPSIL) Days Payable : 44.06 (As of Dec. 2023)

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What is Epsilon Net Days Payable?

Epsilon Net's average Accounts Payable for the six months ended in Dec. 2023 was €5.11 Mil. Epsilon Net's Cost of Goods Sold for the six months ended in Dec. 2023 was €21.16 Mil. Hence, Epsilon Net's Days Payable for the six months ended in Dec. 2023 was 44.06.

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

ATH:EPSIL' s Days Payable Range Over the Past 10 Years
Min: 25.84 Med: 40.1 Max: 50.81
Current: 49.43

During the past 12 years, Epsilon Net's highest Days Payable was 50.81. The lowest was 25.84. And the median was 40.10.

ATH:EPSIL's Days Payable is ranked worse than
50.28% of 2526 companies
in the Software industry
Industry Median: 49.695 vs ATH:EPSIL: 49.43

Epsilon Net's Days Payable increased from Dec. 2022 (41.56) to Dec. 2023 (44.06). It may suggest that Epsilon Net delayed paying its suppliers.

Epsilon Net Days Payable Historical Data

The historical data trend for Epsilon Net'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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Epsilon Net Days Payable Chart

Epsilon Net Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.08

48.95

34.46

41.03

50.81

Epsilon Net Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															35.89	35.51	41.56	55.49	44.06

Competitive Comparison of Epsilon Net's Days Payable

For the Software - Application subindustry, Epsilon Net'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.

Epsilon Net's Days Payable Distribution in the Software Industry

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

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

Epsilon Net 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.

Epsilon Net'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
=	( (4.344	+	5.634)	/	2 )	/	35.84	*	365
=	4.989					/	35.84	*	365
=	50.81

Epsilon Net'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.583	+	5.634)	/	2 )	/	21.161	*	365 / 2
=	5.1085					/	21.161	*	365 / 2
=	44.06

Epsilon Net Days Payable Related Terms

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Epsilon Net (ATH:EPSIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Epsilon Net SA (ATH:EPSIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2OE:Germany

Address

87, 17th November Street, EMO Zone, Pylea, Thessaloniki, GRC, 555 34

Website

http://www.epsilonnet.gr

Epsilon Net SA is a software and IT company. The company's business units include Epsilon Net Software, Epsilon Net Network and Epsilon Net Training. Its products include Hyper.Axion Accounting, Tax System 5, Business Payroll & HRM and PYLON Hospitality.

Epsilon Net (ATH:EPSIL) Headlines

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