Hub Cyber Security (Hub Cyber Security) Days Payable : 72.08 (As of Jun. 2023)

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What is Hub Cyber Security Days Payable?

Hub Cyber Security's average Accounts Payable for the six months ended in Jun. 2023 was $12.53 Mil. Hub Cyber Security's Cost of Goods Sold for the six months ended in Jun. 2023 was $31.72 Mil. Hence, Hub Cyber Security's Days Payable for the six months ended in Jun. 2023 was 72.08.

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

HUBC' s Days Payable Range Over the Past 10 Years
Min: 52.57 Med: 85.87 Max: 100.12
Current: 52.57

During the past 5 years, Hub Cyber Security's highest Days Payable was 100.12. The lowest was 52.57. And the median was 85.87.

HUBC's Days Payable is ranked better than
51.28% of 2535 companies
in the Software industry
Industry Median: 49.81 vs HUBC: 52.57

Hub Cyber Security's Days Payable increased from Jun. 2022 (57.06) to Jun. 2023 (72.08). It may suggest that Hub Cyber Security delayed paying its suppliers.

Hub Cyber Security Days Payable Historical Data

The historical data trend for Hub Cyber Security'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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Hub Cyber Security Days Payable Chart

Hub Cyber Security Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

100.12

71.62

Hub Cyber Security Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial				-	55.99	57.06	44.97	72.08

Competitive Comparison of Hub Cyber Security's Days Payable

For the Software - Infrastructure subindustry, Hub Cyber Security'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.

Hub Cyber Security's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Hub Cyber Security's Days Payable falls into.

Hub Cyber Security 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.

Hub Cyber Security'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
=	( (14.994	+	13.771)	/	2 )	/	73.297	*	365
=	14.3825					/	73.297	*	365
=	71.62

Hub Cyber Security's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (13.771	+	11.284)	/	2 )	/	31.718	*	365 / 2
=	12.5275					/	31.718	*	365 / 2
=	72.08

Hub Cyber Security Days Payable Related Terms

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Hub Cyber Security (Hub Cyber Security) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hub Cyber Security Ltd (NAS:HUBC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 Rothschild Boulevard, Tel Aviv, ISR, 6688120

Website

https://www.hubsecurity.com

Hub Cyber Security Ltd is engaged in the development of cyber products, software and quality systems, reliability, and risk management. It operates in several countries and provides cybersecurity computing appliances as well as a wide range of cybersecurity professional services.