ViVeTech Zrt (BUD:VVT) Days Payable : 29.04 (As of Dec. 2023)

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What is ViVeTech Zrt Days Payable?

ViVeTech Zrt's average Accounts Payable for the six months ended in Dec. 2023 was Ft96 Mil. ViVeTech Zrt's Cost of Goods Sold for the six months ended in Dec. 2023 was Ft603 Mil. Hence, ViVeTech Zrt's Days Payable for the six months ended in Dec. 2023 was 29.04.

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

BUD:VVT' s Days Payable Range Over the Past 10 Years
Min: 58.59 Med: 143.22 Max: 231.46
Current: 60.04

During the past 5 years, ViVeTech Zrt's highest Days Payable was 231.46. The lowest was 58.59. And the median was 143.22.

BUD:VVT's Days Payable is ranked better than
55.15% of 2524 companies
in the Software industry
Industry Median: 49.575 vs BUD:VVT: 60.04

ViVeTech Zrt's Days Payable declined from Dec. 2022 (49.95) to Dec. 2023 (29.04). It may suggest that ViVeTech Zrt accelerated paying its suppliers.

ViVeTech Zrt Days Payable Historical Data

The historical data trend for ViVeTech Zrt'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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ViVeTech Zrt Days Payable Chart

ViVeTech Zrt Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

231.46

143.22

58.59

ViVeTech Zrt Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			170.20	126.94	49.95	125.78	29.04

Competitive Comparison of ViVeTech Zrt's Days Payable

For the Software - Application subindustry, ViVeTech Zrt'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.

ViVeTech Zrt's Days Payable Distribution in the Software Industry

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

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

ViVeTech Zrt 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.

ViVeTech Zrt'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
=	( (250.869	+	37.166)	/	2 )	/	897.116	*	365
=	144.0175					/	897.116	*	365
=	58.59

ViVeTech Zrt'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
=	( (154.689	+	37.166)	/	2 )	/	602.9	*	365 / 2
=	95.9275					/	602.9	*	365 / 2
=	29.04

ViVeTech Zrt Days Payable Related Terms

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ViVeTech Zrt (BUD:VVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ViVeTech Zrt (BUD:VVT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Szuret street 15, Budapest, HUN, H-1118

Website

https://www.vivetech.com

ViVeTech Zrt is a Hungarian-owned IT consulting and development company. It is an application platform that, owing to its high level of automation and integration, implements the complete and efficient operation of the information security management system (ISMS) in a single system. Its services include IT security and project management.

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