Blend Labs (Blend Labs) Days Payable : 11.95 (As of Dec. 2023)

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What is Blend Labs Days Payable?

Blend Labs's average Accounts Payable for the three months ended in Dec. 2023 was $2.1 Mil. Blend Labs's Cost of Goods Sold for the three months ended in Dec. 2023 was $16.4 Mil. Hence, Blend Labs's Days Payable for the three months ended in Dec. 2023 was 11.95.

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

BLND' s Days Payable Range Over the Past 10 Years
Min: 8.27 Med: 14.78 Max: 58.71
Current: 10.25

During the past 5 years, Blend Labs's highest Days Payable was 58.71. The lowest was 8.27. And the median was 14.78.

BLND's Days Payable is ranked worse than
91.54% of 2519 companies
in the Software industry
Industry Median: 50.96 vs BLND: 10.25

Blend Labs's Days Payable increased from Dec. 2022 (6.13) to Dec. 2023 (11.95). It may suggest that Blend Labs delayed paying its suppliers.

Blend Labs Days Payable Historical Data

The historical data trend for Blend Labs'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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Blend Labs Days Payable Chart

Blend Labs Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

58.71

35.03

14.78

9.30

8.27

Blend Labs Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial												6.13	6.78	12.00	12.98	11.95

Competitive Comparison of Blend Labs's Days Payable

For the Software - Application subindustry, Blend Labs'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.

Blend Labs's Days Payable Distribution in the Software Industry

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

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

Blend Labs 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.

Blend Labs'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
=	( (1.26	+	2.17)	/	2 )	/	75.711	*	365
=	1.715					/	75.711	*	365
=	8.27

Blend Labs'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.121	+	2.17)	/	2 )	/	16.378	*	365 / 4
=	2.1455					/	16.378	*	365 / 4
=	11.95

Blend Labs Days Payable Related Terms

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Blend Labs (Blend Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Blend Labs Inc (NYSE:BLND) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

415 Kearny Street, San Francisco, CA, USA, 94108

Website

https://www.blend.com

Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services firms and consumers. It supports and simplifies applications for mortgages, consumer loans, and deposit accounts. Its operating segments are 1) Blend Platform comprises a suite of products that power the entire origination process from back-end workflows to consumer experience. 2) Title365 enables customers to streamline the title, settlement, and closing process at scale for mortgages, home equity lines of credit, and home equity loans. The majority of revenue is earned from the blend platform segment.

Executives

Amir Jafari	officer: Head of Finance and Admin.	415 KEARNY STREET, SAN FRANCISCO CA 94108
Nima Ghamsari	director, officer: Chief Executive Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Oxana Tkach	officer: Principal Accounting Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Winnie Ling	officer: Head of Legal	415 KEARNY STREET, SAN FRANCISCO CA 94108
Dean Klinger	officer: Head of Go-To-Market	415 KEARNY STREET, SAN FRANCISCO CA 94108
Crystal Sumner	officer: Head of Legal, Compliance,Risk	415 KEARNY STREET, SAN FRANCISCO CA 94108
Erin N Lantz	director	2343 42ND AVE EAST, SEATTLE WA 98112
Marc S. Greenberg	officer: Head of Finance	415 KEARNY STREET, SAN FRANCISCO CA 94108
Manish K. Gupta	officer: Principal Accounting Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Timothy J Mayopoulos	director, officer: President	C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Jonathan Y. Chan	officer: Principal Accounting Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Ciara Burnham	director	3110 MAIN STREET, SUITE 400, SANTA MONICA CA 90405
Ossa Investments Pte. Ltd.	10 percent owner	60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Gerald C. Chen	director	415 KEARNY STREET, SAN FRANCISCO CA 94108
Erin James Collard	director	415 KEARNY STREET, SAN FRANCISCO CA 94108