Synergon Information Systems (FRA:SRRA) Days Payable : 11.73 (As of Sep. 2015)

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What is Synergon Information Systems Days Payable?

Synergon Information Systems's average Accounts Payable for the three months ended in Sep. 2015 was €0.17 Mil. Synergon Information Systems's Cost of Goods Sold for the three months ended in Sep. 2015 was €1.30 Mil. Hence, Synergon Information Systems's Days Payable for the three months ended in Sep. 2015 was 11.73.

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

FRA:SRRA's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.16
* Ranked among companies with meaningful Days Payable only.

Synergon Information Systems's Days Payable declined from Sep. 2014 (25.02) to Sep. 2015 (11.73). It may suggest that Synergon Information Systems accelerated paying its suppliers.

Synergon Information Systems Days Payable Historical Data

The historical data trend for Synergon Information Systems'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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Synergon Information Systems Days Payable Chart

Synergon Information Systems Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Days Payable

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127.22

178.26

438.69

107.74

51.96

Synergon Information Systems Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Days Payable	Get a 7-Day Free Trial															25.02	19.55	503.74	301.45	11.73

Competitive Comparison of Synergon Information Systems's Days Payable

For the Information Technology Services subindustry, Synergon Information Systems'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.

Synergon Information Systems's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Synergon Information Systems's Days Payable falls into.

Synergon Information Systems 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.

Synergon Information Systems's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

	Days Payable (A: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2013 )	+	Accounts Payable (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (2.422	+	0.451)	/	2 )	/	10.091	*	365
=	1.4365					/	10.091	*	365
=	51.96

Synergon Information Systems's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

	Days Payable (Q: Sep. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2015 )	+	Accounts Payable (Q: Sep. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2015 )	*	Days in Period
=	( (0.189	+	0.146)	/	2 )	/	1.303	*	365 / 4
=	0.1675					/	1.303	*	365 / 4
=	11.73

Synergon Information Systems Days Payable Related Terms

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Synergon Information Systems (FRA:SRRA) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Website

http://www.synergon.hu

Synergon Information Systems PLC is engaged in information technology business. Synergon typically builds its IT-solutions satisfying even the most unique customer demands based on the products of the most significant hardware and software manufacturers.