Hightech Payment Systems (CAS:HPS) Days Payable : 173.74 (As of Dec. 2023)

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What is Hightech Payment Systems Days Payable?

Hightech Payment Systems's average Accounts Payable for the six months ended in Dec. 2023 was MAD100 Mil. Hightech Payment Systems's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD105 Mil. Hence, Hightech Payment Systems's Days Payable for the six months ended in Dec. 2023 was 173.74.

The historical rank and industry rank for Hightech Payment Systems's Days Payable or its related term are showing as below:

CAS:HPS' s Days Payable Range Over the Past 10 Years
Min: 138.25 Med: 241 Max: 387.2
Current: 186.39

During the past 11 years, Hightech Payment Systems's highest Days Payable was 387.20. The lowest was 138.25. And the median was 241.00.

CAS:HPS's Days Payable is ranked better than
83.18% of 2545 companies
in the Software industry
Industry Median: 49.25 vs CAS:HPS: 186.39

Hightech Payment Systems's Days Payable increased from Dec. 2022 (131.71) to Dec. 2023 (173.74). It may suggest that Hightech Payment Systems delayed paying its suppliers.

Hightech Payment Systems Days Payable Historical Data

The historical data trend for Hightech Payment Systems'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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Hightech Payment Systems Days Payable Chart

Hightech Payment Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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362.64

278.73

174.11

138.25

167.07

Hightech Payment Systems Semi-Annual Data
	Dec13	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															210.38	166.47	131.71	232.92	173.74

Competitive Comparison of Hightech Payment Systems's Days Payable

For the Software - Infrastructure subindustry, Hightech Payment Systems'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.

Hightech Payment Systems's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Hightech Payment Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Hightech Payment Systems's Days Payable falls into.

Hightech Payment Systems 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.

Hightech Payment Systems'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
=	( (58.315	+	96.092)	/	2 )	/	168.668	*	365
=	77.2035					/	168.668	*	365
=	167.07

Hightech Payment Systems'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
=	( (103.986	+	96.092)	/	2 )	/	105.085	*	365 / 2
=	100.039					/	105.085	*	365 / 2
=	173.74

Hightech Payment Systems Days Payable Related Terms

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Hightech Payment Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hightech Payment Systems SA (CAS:HPS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100, Boulevard Al Qods - Sidi Maarouf, Casablanca Nearshore Park, Shore 1, Casablanca, MAR, 20270

Website

https://www.hps-worldwide.com

Hightech Payment Systems SA is the group that provides solutions and services involving electronic payment. The group offers are structured in the following business units - HPS Solutions, HPS Processing, HPS Services, Safety, and Other Products. HPS Solutions designs, develops, markets, installs, and supports a suite of multi-channel electronic payment solutions. PowerCARD software suite offers comprehensive, configurable and scalable solutions to meet the user needs. The company's software and services are sold covering many geographical areas such as Europe, Americas, Africa and the Middle East and Asia. The group's majority revenue is generated from the sale of HPS solutions.