Expensify (Expensify) Days Payable : 8.75 (As of Mar. 2024)

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What is Expensify Days Payable?

Expensify's average Accounts Payable for the three months ended in Mar. 2024 was $1.4 Mil. Expensify's Cost of Goods Sold for the three months ended in Mar. 2024 was $14.6 Mil. Hence, Expensify's Days Payable for the three months ended in Mar. 2024 was 8.75.

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

EXFY' s Days Payable Range Over the Past 10 Years
Min: 6.78 Med: 20.67 Max: 34.73
Current: 8.65

During the past 5 years, Expensify's highest Days Payable was 34.73. The lowest was 6.78. And the median was 20.67.

EXFY's Days Payable is ranked worse than
93.05% of 2531 companies
in the Software industry
Industry Median: 50.16 vs EXFY: 8.65

Expensify's Days Payable declined from Mar. 2023 (8.86) to Mar. 2024 (8.75). It may suggest that Expensify accelerated paying its suppliers.

Expensify Days Payable Historical Data

The historical data trend for Expensify'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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Expensify Days Payable Chart

Expensify Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

34.73

30.24

20.67

14.01

6.78

Expensify Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												8.86	9.96	7.70	7.51	8.75

Competitive Comparison of Expensify's Days Payable

For the Software - Application subindustry, Expensify'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.

Expensify's Days Payable Distribution in the Software Industry

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

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

Expensify 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.

Expensify'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
=	( (1.059	+	1.425)	/	2 )	/	66.888	*	365
=	1.242					/	66.888	*	365
=	6.78

Expensify's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.425	+	1.373)	/	2 )	/	14.584	*	365 / 4
=	1.399					/	14.584	*	365 / 4
=	8.75

Expensify Days Payable Related Terms

Thank you for viewing the detailed overview of Expensify's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Expensify (Expensify) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Expensify Inc (NAS:EXFY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Southwest 5th Avenue, Portland, OR, USA, 97204

Website

https://www.expensify.com

Expensify Inc is a cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money. Over 12 million people use Expensify's free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one app.

Executives

Anuradha Muralidharan	director, officer: Chief Operating Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Jason Fahr Mills	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Daniel Vidal	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
David Michael Barrett	director, officer: Chief Executive Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Ryan Schaffer	director, officer: Chief Financial Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Timothy L Christen	director	715 SOUTH STREET, MAYVILLE WI 53050
Steven J. Mclaughlin	10 percent owner	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Ying Liu	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Sf Roofdeck Gp Llc	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Steven J. Mclaughlin Revocable Trust	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Exp 2020 Spv Lp	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Openview Management, Llc	10 percent owner	C/O OPENVIEW VENTURE PARTNERS, 303 CONGRESS STREET, 6TH FLOOR, BOSTON MA 02210
David Martirano	other: See Remarks	50 MILK STREET, 16TH FLOOR, BOSTON MA 02109
Demartini James G B Iii	10 percent owner	THREE LAGOON DRIVE, SUITE 400, REDWOOD CITY CA 94065
Unameit Trust Under Declaration Of Trust Dated March 10, 2000	10 percent owner	THREE LAGOON DRIVE, SUITE 400, REDWOOD CITY CA 94065