Brightcove (FRA:2BV) Days Payable : 35.32 (As of Sep. 2024)

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What is Brightcove Days Payable?

Brightcove's average Accounts Payable for the three months ended in Sep. 2024 was €6.4 Mil. Brightcove's Cost of Goods Sold for the three months ended in Sep. 2024 was €16.6 Mil. Hence, Brightcove's Days Payable for the three months ended in Sep. 2024 was 35.32.

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

FRA:2BV' s Days Payable Range Over the Past 10 Years
Min: 19.32 Med: 40.29 Max: 60.75
Current: 51.08

During the past 13 years, Brightcove's highest Days Payable was 60.75. The lowest was 19.32. And the median was 40.29.

FRA:2BV's Days Payable is not ranked
in the Software industry.
Industry Median: 54.42 vs FRA:2BV: 51.08

Brightcove's Days Payable declined from Sep. 2023 (69.58) to Sep. 2024 (35.32). It may suggest that Brightcove accelerated paying its suppliers.

Brightcove Days Payable Historical Data

The historical data trend for Brightcove'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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Brightcove Days Payable Chart

Brightcove Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.19

51.12

51.86

51.33

61.54

Brightcove Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															69.58	67.48	59.90	41.77	35.32

Competitive Comparison of Brightcove's Days Payable

For the Software - Application subindustry, Brightcove'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.

Brightcove's Days Payable Distribution in the Software Industry

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

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

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Brightcove 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.

Brightcove'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
=	( (10.692	+	13.225)	/	2 )	/	70.932	*	365
=	11.9585					/	70.932	*	365
=	61.54

Brightcove'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: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (6.031	+	6.788)	/	2 )	/	16.559	*	365 / 4
=	6.4095					/	16.559	*	365 / 4
=	35.32

Brightcove Days Payable Related Terms

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Brightcove Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Brightcove Inc (FRA:2BV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

281 Summer Street, Boston, MA, USA, 02210

Website

https://www.brightcove.com

Brightcove Inc is a provider of cloud-based streaming technology and services. The firm targets its solutions at media companies, broadcasters, digital publishers, sports and entertainment companies, fashion and hospitality brands, faith-based institutions, retail and e-commerce businesses, and technology organizations, as well as government agencies, educational institutions and non-profit organizations. Brightcove Video Cloud is the firm's flagship product, enabling customers to publish and distribute video to Internet-connected devices. Video Cloud generates a portion of the firm's revenue through a subscription-based software-as-a-service model. Other products include Zencoder, a cloud-based video encoding service. It generates a large majority of its revenue in North America and Asia.

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