Tick Trading Software AG (FRA:TBX0) Days Payable : 21.59 (As of Sep. 2024)

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What is Tick Trading Software AG Days Payable?

Tick Trading Software AG's average Accounts Payable for the six months ended in Sep. 2024 was €0.18 Mil. Tick Trading Software AG's Cost of Goods Sold for the six months ended in Sep. 2024 was €1.52 Mil. Hence, Tick Trading Software AG's Days Payable for the six months ended in Sep. 2024 was 21.59.

The historical rank and industry rank for Tick Trading Software AG's Days Payable or its related term are showing as below:

FRA:TBX0' s Days Payable Range Over the Past 10 Years
Min: 6.31 Med: 13.65 Max: 31.16
Current: 22.79

During the past 12 years, Tick Trading Software AG's highest Days Payable was 31.16. The lowest was 6.31. And the median was 13.65.

FRA:TBX0's Days Payable is ranked worse than
74.68% of 2551 companies
in the Software industry
Industry Median: 50.93 vs FRA:TBX0: 22.79

Tick Trading Software AG's Days Payable declined from Sep. 2023 (22.48) to Sep. 2024 (21.59). It may suggest that Tick Trading Software AG accelerated paying its suppliers.

Tick Trading Software AG Days Payable Historical Data

The historical data trend for Tick Trading Software AG'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.

* Premium members only.

Tick Trading Software AG Days Payable Chart

Tick Trading Software AG Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Days Payable

Get a 7-Day Free Trial

12.90

9.28

25.27

31.16

22.91

Tick Trading Software AG Semi-Annual Data
	Sep13	Sep14	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial															26.47	32.23	22.48	23.89	21.59

Competitive Comparison of Tick Trading Software AG's Days Payable

For the Software - Application subindustry, Tick Trading Software AG'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.

Tick Trading Software AG's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Tick Trading Software AG's Days Payable falls into.

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Tick Trading Software AG 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.

Tick Trading Software AG's Days Payable for the fiscal year that ended in Sep. 2024 is calculated as

	Days Payable (A: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2023 )	+	Accounts Payable (A: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2024 )	*	Days in Period
=	( (0.202	+	0.174)	/	2 )	/	2.995	*	365
=	0.188					/	2.995	*	365
=	22.91

Tick Trading Software AG'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: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.185	+	0.174)	/	2 )	/	1.517	*	365 / 2
=	0.1795					/	1.517	*	365 / 2
=	21.59

Tick Trading Software AG Days Payable Related Terms

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Tick Trading Software AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tick Trading Software AG (FRA:TBX0) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Berliner Allee 59, Dusseldorf,, NW, DEU, 40212

Website

https://www.tick-ts.de

Tick Trading Software AG develops and distributes software packages for professional trading. The company's products are the TBMX Trading Platform, tick-TS Cloud, e-Trading Compliance Monitor, and others. tick Trading Software AG is active in the field of programming IT software; The focus here is on the programming of EDP software in the financial services segment (stock market software, trading software, etc.). In addition, it offers its customers "Software as a Service" housing and hosting of complex server systems for stock exchange trading in combination with its software solutions.

Executives

Carsten Schölzki

Board of Directors

Tick Trading Software AG Headlines

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