Ciber (FRA:CIC) Days Payable : 18.71 (As of Sep. 2016)

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What is Ciber Days Payable?

Ciber's average Accounts Payable for the three months ended in Sep. 2016 was €20.9 Mil. Ciber's Cost of Goods Sold for the three months ended in Sep. 2016 was €102.1 Mil. Hence, Ciber's Days Payable for the three months ended in Sep. 2016 was 18.71.

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

FRA:CIC's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 49.575
* Ranked among companies with meaningful Days Payable only.

Ciber's Days Payable increased from Sep. 2015 (17.40) to Sep. 2016 (18.71). It may suggest that Ciber delayed paying its suppliers.

Ciber Days Payable Historical Data

The historical data trend for Ciber'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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Ciber Days Payable Chart

Ciber Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Days Payable

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22.73

18.70

18.51

18.15

20.06

Ciber Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Days Payable	Get a 7-Day Free Trial															17.40	18.90	21.46	17.98	18.71

Competitive Comparison of Ciber's Days Payable

For the Information Technology Services subindustry, Ciber'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.

Ciber's Days Payable Distribution in the Software Industry

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

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

Ciber 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.

Ciber's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

	Days Payable (A: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2014 )	+	Accounts Payable (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (26.703	+	32.112)	/	2 )	/	535.023	*	365
=	29.4075					/	535.023	*	365
=	20.06

Ciber's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

	Days Payable (Q: Sep. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2016 )	+	Accounts Payable (Q: Sep. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2016 )	*	Days in Period
=	( (21.632	+	20.261)	/	2 )	/	102.14	*	365 / 4
=	20.9465					/	102.14	*	365 / 4
=	18.71

Ciber Days Payable Related Terms

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

Ciber (FRA:CIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ciber Inc (FRA:CIC) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

7900 E Union Avenue, Suite 1100, Denver, CO, USA, 80237

Website

https://www.ciber.com

CMTSU Liquidation Inc is an information technology consulting and services company. It provides information technology services globally, mainly in groups which include Independent software vendor relationships, Ciber managed services, Business consulting, Application development and Management services and Software as a service offering. Its services portfolio includes cloud, mobile, business intelligence, digital transformation etc. The firm has North America and International segments. It derives the majority of its revenues from North America segment. The company offers its services to industries such as Financial Services, Logistics, Healthcare, and Manufacturing.

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