Quality and Reliability (ATH:QUAL) Days Payable : 28.14 (As of Dec. 2023)

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What is Quality and Reliability Days Payable?

Quality and Reliability's average Accounts Payable for the six months ended in Dec. 2023 was €0.70 Mil. Quality and Reliability's Cost of Goods Sold for the six months ended in Dec. 2023 was €4.54 Mil. Hence, Quality and Reliability's Days Payable for the six months ended in Dec. 2023 was 28.14.

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

ATH:QUAL' s Days Payable Range Over the Past 10 Years
Min: 33.09 Med: 112.41 Max: 357.42
Current: 34.6

During the past 13 years, Quality and Reliability's highest Days Payable was 357.42. The lowest was 33.09. And the median was 112.41.

ATH:QUAL's Days Payable is ranked worse than
62.35% of 2526 companies
in the Software industry
Industry Median: 49.695 vs ATH:QUAL: 34.60

Quality and Reliability's Days Payable increased from Dec. 2022 (24.86) to Dec. 2023 (28.14). It may suggest that Quality and Reliability delayed paying its suppliers.

Quality and Reliability Days Payable Historical Data

The historical data trend for Quality and Reliability'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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Quality and Reliability Days Payable Chart

Quality and Reliability Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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117.21

44.83

33.09

33.32

37.79

Quality and Reliability 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															30.30	26.42	24.86	43.26	28.14

Competitive Comparison of Quality and Reliability's Days Payable

For the Software - Application subindustry, Quality and Reliability'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.

Quality and Reliability's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Quality and Reliability's Days Payable falls into.

Quality and Reliability 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.

Quality and Reliability'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
=	( (0.505	+	0.882)	/	2 )	/	6.699	*	365
=	0.6935					/	6.699	*	365
=	37.79

Quality and Reliability'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
=	( (0.518	+	0.882)	/	2 )	/	4.54	*	365 / 2
=	0.7					/	4.54	*	365 / 2
=	28.14

Quality and Reliability Days Payable Related Terms

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Quality and Reliability (ATH:QUAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quality and Reliability SA (ATH:QUAL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11B Konitsis Street, Marousi, GRC, 15125

Website

http://www.qnr.com.gr

Quality and Reliability SA is engaged in software development and in the provision of integration services for information systems. The company delivers complex Integrated Information Systems for large and mid-size enterprises in the public and private sectors, cutting-edge technology solutions for Financial Institutions, Enterprise web Portals, white label e-Bookstore platforms & label e-commerce solutions, cross-platform Mobile Applications and multi-platform eBook interactive educational authoring tools.