Wise (LSE:WISE) Days Payable : 5.55 (As of Sep. 2023)

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What is Wise Days Payable?

Wise's average Accounts Payable for the six months ended in Sep. 2023 was £7 Mil. Wise's Cost of Goods Sold for the six months ended in Sep. 2023 was £220 Mil. Hence, Wise's Days Payable for the six months ended in Sep. 2023 was 5.55.

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

LSE:WISE' s Days Payable Range Over the Past 10 Years
Min: 7.01 Med: 12.65 Max: 16.22
Current: 7.01

During the past 5 years, Wise's highest Days Payable was 16.22. The lowest was 7.01. And the median was 12.65.

LSE:WISE's Days Payable is ranked worse than
94.53% of 2524 companies
in the Software industry
Industry Median: 50.7 vs LSE:WISE: 7.01

Wise's Days Payable declined from Sep. 2022 (12.01) to Sep. 2023 (5.55). It may suggest that Wise accelerated paying its suppliers.

Wise Days Payable Historical Data

The historical data trend for Wise'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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Wise Days Payable Chart

Wise Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

16.22

13.55

9.78

12.65

9.75

Wise Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial				5.89	10.67	12.01	8.85	5.55

Competitive Comparison of Wise's Days Payable

For the Information Technology Services subindustry, Wise'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.

Wise's Days Payable Distribution in the Software Industry

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

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

Wise 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.

Wise's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (10.4	+	8.2)	/	2 )	/	348.1	*	365
=	9.3					/	348.1	*	365
=	9.75

Wise'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: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8.2	+	5.2)	/	2 )	/	220.4	*	365 / 2
=	6.7					/	220.4	*	365 / 2
=	5.55

Wise Days Payable Related Terms

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

Wise (LSE:WISE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wise PLC (LSE:WISE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WIZEY:USA WPLCF:USA WISEl:UK 6WS0:Germany

Address

56 Shoreditch High Street, 6th Floor, Tea Building, London, GBR, E1 6JJ

Website

https://www.wise.com

Wise is a currency conversion platform utilizing a peer-to-peer network to reduce transfer costs. The group focuses primarily on private clients and small and midsize enterprises. By operating local accounts in each jurisdiction Wise sends money to or receives money from, this fintech offers faster and cheaper currency transfer services than incumbents (banks). Wise has started to broaden its product offering, issuing its clients debit cards and allowing customers to invest funds into various asset-management products.