hopTo (HPTO) Days Payable : 305.96 (As of Sep. 2023)

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What is hopTo Days Payable?

hopTo's average Accounts Payable for the three months ended in Sep. 2023 was $0.23 Mil. hopTo's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.07 Mil. Hence, hopTo's Days Payable for the three months ended in Sep. 2023 was 305.96.

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

HPTO' s Days Payable Range Over the Past 10 Years
Min: 145.21 Med: 587.66 Max: 2190
Current: 299.71

During the past 13 years, hopTo's highest Days Payable was 2190.00. The lowest was 145.21. And the median was 587.66.

HPTO's Days Payable is not ranked
in the Software industry.
Industry Median: 49.25 vs HPTO: 299.71

hopTo's Days Payable declined from Sep. 2022 (443.48) to Sep. 2023 (305.96). It may suggest that hopTo accelerated paying its suppliers.

hopTo Days Payable Historical Data

The historical data trend for hopTo'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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hopTo Days Payable Chart

hopTo Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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718.67

719.05

615.79

559.52

379.57

hopTo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															443.48	353.23	278.55	260.30	305.96

Competitive Comparison of hopTo's Days Payable

For the Software - Application subindustry, hopTo'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.

hopTo's Days Payable Distribution in the Software Industry

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

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

hopTo 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.

hopTo's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.261	+	0.234)	/	2 )	/	0.238	*	365
=	0.2475					/	0.238	*	365
=	379.57

hopTo's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.215	+	0.241)	/	2 )	/	0.068	*	365 / 4
=	0.228					/	0.068	*	365 / 4
=	305.96

hopTo Days Payable Related Terms

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

hopTo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » hopTo Inc (OTCPK:HPTO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

189 North Main Street, Suite 102, Concord, NH, USA, 03301

Website

https://www.hopto.com

hopTo Inc is a developer of application software that includes application virtualization and cloud computing software for multiple computer operating systems. The company's products are sold under the brand name GO-Global, which is sold to small to medium-sized companies, departments within large corporations, governmental and educational institutions, independent software vendors (ISVs), and value-added resellers (VARs). Its GO-Global includes different product families that GO-Global for Windows, UNIX, and Client. Its geographical segments are the United States, Brazil, Japan, and Other countries.

Executives

Jonathon R Skeels	director	620 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Richard Chernicoff	director	C/O TESSERA TECHNOLOGIES, INC., 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Thomas C Stewart	director	6 LOUDON STREET, SUITE 200, CONCORD NH 03301
Jean-louis Casabonne	officer: CFO	1919 S. BASCOM AVENUE, SUITE 600, CAMPBELL CA 95008
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Michael A Brochu	director	16548 SE 59TH PL, BELLEVUE WA 98006
John Cronin	director	GRAPHON CORPORATION, 5400 SOQUEL AVENUE, SUITE A2, SANTA CRUZ CA 95062
Sam M Auriemma	director
Eldad Eilam	officer: Chief Technology Officer	C/O GRAPHON CORPORATION, 5400 SOQUEL AVENUE, SUITE A2, SANTA CRUZ CA 95062
Jeremy Verba	director	C/O HOPTO INC., 1919 S BASCOM AVE., SUITE 600, CAMPBELL CA 95008
Ashfaq A Munshi	director	2 MACARTHUR PLACE, SANTA ANA CA 92707
Robert Dixon	officer: Interim CFO and Secretary	C/O GRAPHON CORPORATION, 1901 S. BASCOM AVE., STE. 660, CAMPBELL CA 95008
Christoph Berlin	officer: Chief Operating Officer	1901 S. BASCOM AVENUE, SUITE 660, CAMPBELL CA 95008
Steven A Ledger	director	24 TAMALPAIS AVE, MILL VALLEY CA 94941
Howard S Jonas	10 percent owner

hopTo Headlines

From GuruFocus

hopTo Inc. Announces Second Quarter 2018 Business Update and Results

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hopTo Inc. Announces First Quarter 2018 Financial Results

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hopTo Inc. Announces Fiscal Year 2017 Results

By Marketwired Marketwired • 04-18-2018