Thinkific Labs (FRA:5S0) Days Payable : 10.38 (As of Dec. 2023)

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What is Thinkific Labs Days Payable?

Thinkific Labs's average Accounts Payable for the three months ended in Dec. 2023 was €0.41 Mil. Thinkific Labs's Cost of Goods Sold for the three months ended in Dec. 2023 was €3.58 Mil. Hence, Thinkific Labs's Days Payable for the three months ended in Dec. 2023 was 10.38.

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

FRA:5S0' s Days Payable Range Over the Past 10 Years
Min: 10.92 Med: 24.59 Max: 35.96
Current: 11.56

During the past 6 years, Thinkific Labs's highest Days Payable was 35.96. The lowest was 10.92. And the median was 24.59.

FRA:5S0's Days Payable is ranked worse than
90.1% of 2524 companies
in the Software industry
Industry Median: 50.7 vs FRA:5S0: 11.56

Thinkific Labs's Days Payable declined from Dec. 2022 (26.84) to Dec. 2023 (10.38). It may suggest that Thinkific Labs accelerated paying its suppliers.

Thinkific Labs Days Payable Historical Data

The historical data trend for Thinkific Labs'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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Thinkific Labs Days Payable Chart

Thinkific Labs Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.94

24.13

34.44

24.49

11.00

Thinkific Labs Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial													26.84	11.23	12.72	12.83	10.38

Competitive Comparison of Thinkific Labs's Days Payable

For the Software - Application subindustry, Thinkific Labs'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.

Thinkific Labs's Days Payable Distribution in the Software Industry

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

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

Thinkific Labs 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.

Thinkific Labs'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
=	( (0.382	+	0.419)	/	2 )	/	13.291	*	365
=	0.4005					/	13.291	*	365
=	11.00

Thinkific Labs'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.396	+	0.419)	/	2 )	/	3.581	*	365 / 4
=	0.4075					/	3.581	*	365 / 4
=	10.38

Thinkific Labs Days Payable Related Terms

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Thinkific Labs (FRA:5S0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinkific Labs Inc (FRA:5S0) » Definitions » Days Payable

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THNCF:USA THNC:Canada

Address

369 Terminal Ave, Suite 400, Vancouver, BC, CAN, V6A 4C4

Website

https://www.thinkific.com

Thinkific Labs Inc is a cloud-based software platform. The Company's primary business activity is to provide a platform that helps entrepreneurs and established businesses to scale and generate revenue by teaching what they know. The Company's platform provides its Creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites, and other experiences that our Creators can create, sell and deliver using the Company's Platform.

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