PowerBand Solutions (FRA:1ZVA) Days Payable : 593.99 (As of Jun. 2024)

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What is PowerBand Solutions Days Payable?

PowerBand Solutions's average Accounts Payable for the three months ended in Jun. 2024 was €1.37 Mil. PowerBand Solutions's Cost of Goods Sold for the three months ended in Jun. 2024 was €0.21 Mil. Hence, PowerBand Solutions's Days Payable for the three months ended in Jun. 2024 was 593.99.

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

FRA:1ZVA' s Days Payable Range Over the Past 10 Years
Min: 58.64 Med: 196.33 Max: 588.23
Current: 504.67

During the past 13 years, PowerBand Solutions's highest Days Payable was 588.23. The lowest was 58.64. And the median was 196.33.

FRA:1ZVA's Days Payable is ranked better than
93.19% of 2554 companies
in the Software industry
Industry Median: 49.265 vs FRA:1ZVA: 504.67

PowerBand Solutions's Days Payable increased from Jun. 2023 (482.67) to Jun. 2024 (593.99). It may suggest that PowerBand Solutions delayed paying its suppliers.

PowerBand Solutions Days Payable Historical Data

The historical data trend for PowerBand Solutions'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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PowerBand Solutions Days Payable Chart

PowerBand Solutions Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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194.09

321.92

56.99

157.66

594.08

PowerBand Solutions Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															482.67	316.97	391.34	576.91	593.99

Competitive Comparison of PowerBand Solutions's Days Payable

For the Software - Application subindustry, PowerBand Solutions'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.

PowerBand Solutions's Days Payable Distribution in the Software Industry

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

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

PowerBand Solutions 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.

PowerBand Solutions'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
=	( (1.951	+	1.161)	/	2 )	/	0.956	*	365
=	1.556					/	0.956	*	365
=	594.08

PowerBand Solutions's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1.33	+	1.404)	/	2 )	/	0.21	*	365 / 4
=	1.367					/	0.21	*	365 / 4
=	593.99

PowerBand Solutions Days Payable Related Terms

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PowerBand Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerBand Solutions Inc (FRA:1ZVA) » Definitions » Days Payable

Comparable Companies

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PWWBF:USA PBX:Canada

Address

1100 Burloak Drive, Suite 300, Burlington, ON, CAN, L7L 6B2

Website

https://www.powerbandsolutions.com

PowerBand Solutions Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance, and lease new and used vehicles, which includes real-time appraisal services, market information, and financing solutions. The company provides various solutions such as; DrivrzFinancial, a technology-driven finance solution focusing on used vehicle and EV leasing; and DrivrzXchange, a consumer-focused, dealer-inclusive multi-sided marketplace. Geographically, the company generates a majority of its revenue from the United States of America and the rest from Canada.

PowerBand Solutions Headlines

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