ConvergeOne Holdings (ConvergeOne Holdings) Days Payable : 64.57 (As of Sep. 2018)

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What is ConvergeOne Holdings Days Payable?

ConvergeOne Holdings's average Accounts Payable for the three months ended in Sep. 2018 was $202.7 Mil. ConvergeOne Holdings's Cost of Goods Sold for the three months ended in Sep. 2018 was $286.4 Mil. Hence, ConvergeOne Holdings's Days Payable for the three months ended in Sep. 2018 was 64.57.

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

CVON's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.7
* Ranked among companies with meaningful Days Payable only.

ConvergeOne Holdings's Days Payable increased from Sep. 2017 (0.02) to Sep. 2018 (64.57). It may suggest that ConvergeOne Holdings delayed paying its suppliers.

ConvergeOne Holdings Days Payable Historical Data

The historical data trend for ConvergeOne Holdings'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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ConvergeOne Holdings Days Payable Chart

ConvergeOne Holdings Annual Data

Trend

Dec16

Dec17

Days Payable

ConvergeOne Holdings Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Days Payable	Get a 7-Day Free Trial			0.02	-	37.99	61.18	64.57

Competitive Comparison of ConvergeOne Holdings's Days Payable

For the Information Technology Services subindustry, ConvergeOne Holdings'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.

ConvergeOne Holdings's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where ConvergeOne Holdings's Days Payable falls into.

ConvergeOne Holdings 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.

ConvergeOne Holdings's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (0.002	+	0.213)	/	2 )	/	0	*	365
=	0.1075					/	0	*	365
=	N/A

ConvergeOne Holdings's Days Payable for the quarter that ended in Sep. 2018 is calculated as:

	Days Payable (Q: Sep. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2018 )	+	Accounts Payable (Q: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
=	( (189.77	+	215.544)	/	2 )	/	286.407	*	365 / 4
=	202.657					/	286.407	*	365 / 4
=	64.57

ConvergeOne Holdings Days Payable Related Terms

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ConvergeOne Holdings (ConvergeOne Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ConvergeOne Holdings Inc (NAS:CVON) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3344 Highway 149, Eagan, MN, USA, 55121

Website

https://www.convergeone.com

ConvergeOne Holdings Inc provides unified communications, mobility, converged networking, management, server, and storage consolidation services.

Executives

David Boris	director	C/O TRIO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Jose Enrique Feliciano	director, 10 percent owner	C/O CLEARLAKE CAPITAL GROUP, LLC, 650 MADISON AVE., 23RD FLOOR, NEW YORK NY 10022
Jeffrey E Nachbor	officer: Chief Financial Officer	LEAP WIRELESS INTERNATIONAL, INC., 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Behdad Eghbali	director, 10 percent owner	233 WILSHIRE BLVD., SUITE 850, SANTA MONICA CA 90401
Ccg Operations, Llc	10 percent owner	650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Clearlake Capital Partners, Llc	10 percent owner	233 WILSHIRE BLVD., SUITE 800, SANTA MONICA CA 90401
Timothy Pawlenty	director	C/O DIGITAL RIVER, INC., 10380 BREN ROAD WEST, MINNETONKA MN 55343-9072
Richard Katzman	director	KAZ INC, 1775 BROADWAY SUITE 2405, NEW YORK NY 10019
Ccp Mm, Llc	director, 10 percent owner	233 WILSHIRE BOULEVARD, SUITE 800, SANTA MONICA CA 90401
Steven Berns	other: Former Director	TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Jerry Elliott	other: Former Director
Marshall Kiev	other: See Remarks	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Neil Goldberg	other: Former Director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Stephen A Vogel	other: Former Director	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701