Jack Henry & Associates (LTS:0A6D) Days Payable : 6.09 (As of Sep. 2024)

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What is Jack Henry & Associates Days Payable?

Jack Henry & Associates's average Accounts Payable for the three months ended in Sep. 2024 was $23 Mil. Jack Henry & Associates's Cost of Goods Sold for the three months ended in Sep. 2024 was $343 Mil. Hence, Jack Henry & Associates's Days Payable for the three months ended in Sep. 2024 was 6.09.

The historical rank and industry rank for Jack Henry & Associates's Days Payable or its related term are showing as below:

LTS:0A6D' s Days Payable Range Over the Past 10 Years
Min: 3.57 Med: 5.91 Max: 7.96
Current: 6.18

During the past 13 years, Jack Henry & Associates's highest Days Payable was 7.96. The lowest was 3.57. And the median was 5.91.

LTS:0A6D's Days Payable is ranked worse than
94.93% of 2523 companies
in the Software industry
Industry Median: 48.75 vs LTS:0A6D: 6.18

Jack Henry & Associates's Days Payable increased from Sep. 2023 (5.57) to Sep. 2024 (6.09). It may suggest that Jack Henry & Associates delayed paying its suppliers.

Jack Henry & Associates Days Payable Historical Data

The historical data trend for Jack Henry & Associates'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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Jack Henry & Associates Days Payable Chart

Jack Henry & Associates Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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3.57

4.87

6.39

6.02

6.25

Jack Henry & Associates Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															5.57	5.55	6.34	7.28	6.09

Competitive Comparison of Jack Henry & Associates's Days Payable

For the Information Technology Services subindustry, Jack Henry & Associates'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.

Jack Henry & Associates's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Jack Henry & Associates's Days Payable distribution charts can be found below:

* The bar in red indicates where Jack Henry & Associates's Days Payable falls into.

Jack Henry & Associates 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.

Jack Henry & Associates's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (19.156	+	25.314)	/	2 )	/	1299.477	*	365
=	22.235					/	1299.477	*	365
=	6.25

Jack Henry & Associates'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: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (25.314	+	20.492)	/	2 )	/	343.432	*	365 / 4
=	22.903					/	343.432	*	365 / 4
=	6.09

Jack Henry & Associates Days Payable Related Terms

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Jack Henry & Associates Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Jack Henry & Associates Inc (LTS:0A6D) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

JKHY:USA JHY:Germany

Address

663 Highway 60, P.O. Box 807, Monett, MO, USA, 65708

Website

https://www.jackhenry.com

Jack Henry is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing for us banks and credit unions, with a focus on small and midsize banks. Jack Henry serves almost 1,000 banks and over 700 credit unions.

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