CURR (Currenc Group) Days Payable : 457.94 (As of Sep. 2024)

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What is Currenc Group Days Payable?

Currenc Group's average Accounts Payable for the three months ended in Sep. 2024 was $40.78 Mil. Currenc Group's Cost of Goods Sold for the three months ended in Sep. 2024 was $8.13 Mil. Hence, Currenc Group's Days Payable for the three months ended in Sep. 2024 was 457.94.

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

CURR' s Days Payable Range Over the Past 10 Years
Min: 0.06 Med: 0.11 Max: 381.27
Current: 381.27

During the past 4 years, Currenc Group's highest Days Payable was 381.27. The lowest was 0.06. And the median was 0.11.

CURR's Days Payable is ranked better than
91.52% of 2523 companies
in the Software industry
Industry Median: 48.75 vs CURR: 381.27

Currenc Group's Days Payable increased from Mar. 2023 (0.18) to Sep. 2024 (457.94). It may suggest that Currenc Group delayed paying its suppliers.

Currenc Group Days Payable Historical Data

The historical data trend for Currenc Group'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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Currenc Group Days Payable Chart

Currenc Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

0.06

0.08

0.13

0.15

Currenc Group Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial					0.18	-	0.11	240.84	457.94

Competitive Comparison of Currenc Group's Days Payable

For the Software - Application subindustry, Currenc Group'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.

Currenc Group's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Currenc Group's Days Payable falls into.

Currenc Group 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.

Currenc Group'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
=	( (0.018	+	0.011)	/	2 )	/	35.899	*	365
=	0.0145					/	35.899	*	365
=	0.15

Currenc Group's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (45.893	+	35.658)	/	2 )	/	8.125	*	365 / 4
=	40.7755					/	8.125	*	365 / 4
=	457.94

Currenc Group Days Payable Related Terms

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Currenc Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Currenc Group Inc (NAS:CURR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

410 North Bridge Road, SPACES City Hall, Singapore, SGP, 188726

Website

Currenc Group Inc is a fintech banking platform for e-wallets, financial institutions and merchants worldwide, delivering frictionless interoperable real-time fund transfers and instant messaging.

Currenc Group Headlines

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