ENETF (Ethernity Networks) Days Payable : 243.80 (As of Dec. 2023)

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What is Ethernity Networks Days Payable?

Ethernity Networks's average Accounts Payable for the six months ended in Dec. 2023 was $1.12 Mil. Ethernity Networks's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.84 Mil. Hence, Ethernity Networks's Days Payable for the six months ended in Dec. 2023 was 243.80.

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

ENETF's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 51.44
* Ranked among companies with meaningful Days Payable only.

Ethernity Networks's Days Payable increased from Dec. 2022 (130.91) to Dec. 2023 (243.80). It may suggest that Ethernity Networks delayed paying its suppliers.

Ethernity Networks Days Payable Historical Data

The historical data trend for Ethernity Networks'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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Ethernity Networks Days Payable Chart

Ethernity Networks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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579.65

412.64

249.15

195.99

256.74

Ethernity Networks Semi-Annual Data
	Dec14	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													310.41	459.89	130.91	274.51	243.80

Competitive Comparison of Ethernity Networks's Days Payable

For the Software - Application subindustry, Ethernity Networks'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.

Ethernity Networks's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Ethernity Networks's Days Payable falls into.

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Ethernity Networks 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.

Ethernity Networks'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
=	( (0.786	+	1.237)	/	2 )	/	1.438	*	365
=	1.0115					/	1.438	*	365
=	256.74

Ethernity Networks'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
=	( (1.01	+	1.237)	/	2 )	/	0.841	*	365 / 2
=	1.1235					/	0.841	*	365 / 2
=	243.80

Ethernity Networks Days Payable Related Terms

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Ethernity Networks Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ethernity Networks Ltd (OTCPK:ENETF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Golan Street, Corner HaNegev, Beit Golan, 3rd Floor, Airport City, ISR, 7019900

Website

https://www.ethernitynet.com

Ethernity Networks Ltd technology solutions provider that develops and delivers data processing technology and solutions used in high-end Carrier Ethernet applications across the telecom, mobile, security, and data center markets. The company's only operating segment is the development and delivery of high-end network processing technology. Geographically, it derives a majority of its revenue from the United States and also has a presence in Asia, Europe, Israel, and the United States. Its product categories include ENET Network Appliances, PON Devices ACE-NIC SmartNICs, ENET Flow Processors, and FPGA Boards.