BMIT Technologies (MAL:BMIT) Days Payable : 105.06 (As of Dec. 2023)

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What is BMIT Technologies Days Payable?

BMIT Technologies's average Accounts Payable for the six months ended in Dec. 2023 was €4.38 Mil. BMIT Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was €7.61 Mil. Hence, BMIT Technologies's Days Payable for the six months ended in Dec. 2023 was 105.06.

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

MAL:BMIT' s Days Payable Range Over the Past 10 Years
Min: 37.01 Med: 40.02 Max: 80.46
Current: 80.46

During the past 6 years, BMIT Technologies's highest Days Payable was 80.46. The lowest was 37.01. And the median was 40.02.

MAL:BMIT's Days Payable is ranked better than
62.94% of 2523 companies
in the Software industry
Industry Median: 49.5 vs MAL:BMIT: 80.46

BMIT Technologies's Days Payable declined from Dec. 2022 (119.89) to Dec. 2023 (105.06). It may suggest that BMIT Technologies accelerated paying its suppliers.

BMIT Technologies Days Payable Historical Data

The historical data trend for BMIT Technologies'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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BMIT Technologies Days Payable Chart

BMIT Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.88

39.15

38.20

48.61

44.90

BMIT Technologies Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							124.46	123.04	119.89	92.29	105.06

Competitive Comparison of BMIT Technologies's Days Payable

For the Information Technology Services subindustry, BMIT Technologies'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.

BMIT Technologies's Days Payable Distribution in the Software Industry

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

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

BMIT Technologies 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.

BMIT Technologies's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.031	+	1.986)	/	2 )	/	16.326	*	365
=	2.0085					/	16.326	*	365
=	44.90

BMIT Technologies's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6.78	+	1.986)	/	2 )	/	7.614	*	365 / 2
=	4.383					/	7.614	*	365 / 2
=	105.06

BMIT Technologies Days Payable Related Terms

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BMIT Technologies (MAL:BMIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BMIT Technologies PLC (MAL:BMIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building SCM 02, Level 2, SmartCity Ricasoli, SCM, Kalkara, MLT, 1001

Website

https://www.bmit.com.mt

BMIT Technologies PLC, through its subsidiaries, is involved in providing data center services, Information and Communication Technologies, Cloud services, and Infrastructure and support services among others. The company serves services to various industries including online gaming, financial services, ICT, manufacturing, media, transportation, retail, and hospitality. The Group's revenues are derived predominantly from operations carried out in Malta. However, it also derives revenue from companies operating out of Malta.

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