Mdf Commerce (Mdf Commerce) Days Payable : 127.85 (As of Dec. 2023)

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What is Mdf Commerce Days Payable?

Mdf Commerce's average Accounts Payable for the three months ended in Dec. 2023 was $13.09 Mil. Mdf Commerce's Cost of Goods Sold for the three months ended in Dec. 2023 was $9.34 Mil. Hence, Mdf Commerce's Days Payable for the three months ended in Dec. 2023 was 127.85.

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

MECVF' s Days Payable Range Over the Past 10 Years
Min: 128.69 Med: 178.2 Max: 203.99
Current: 128.69

During the past 13 years, Mdf Commerce's highest Days Payable was 203.99. The lowest was 128.69. And the median was 178.20.

MECVF's Days Payable is ranked better than
75.19% of 2519 companies
in the Software industry
Industry Median: 50.96 vs MECVF: 128.69

Mdf Commerce's Days Payable increased from Dec. 2022 (121.90) to Dec. 2023 (127.85). It may suggest that Mdf Commerce delayed paying its suppliers.

Mdf Commerce Days Payable Historical Data

The historical data trend for Mdf Commerce'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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Mdf Commerce Days Payable Chart

Mdf Commerce Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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192.84

189.97

132.52

130.30

138.10

Mdf Commerce Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															121.90	125.95	125.70	130.76	127.85

Competitive Comparison of Mdf Commerce's Days Payable

For the Software - Infrastructure subindustry, Mdf Commerce'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.

Mdf Commerce's Days Payable Distribution in the Software Industry

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

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

Mdf Commerce 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.

Mdf Commerce'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
=	( (16.74	+	13.707)	/	2 )	/	40.236	*	365
=	15.2235					/	40.236	*	365
=	138.10

Mdf Commerce'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (12.18	+	14.004)	/	2 )	/	9.344	*	365 / 4
=	13.092					/	9.344	*	365 / 4
=	127.85

Mdf Commerce Days Payable Related Terms

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Mdf Commerce (Mdf Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mdf Commerce Inc (OTCPK:MECVF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MDF:Canada

Address

1111 St-Charles Street West, East Tower, Suite 255, Longueuil, QC, CAN, J4K 5G4

Website

https://www.mdfcommerce.com

Mdf Commerce Inc enables the flow of commerce by providing a broad set of SaaS solutions that optimize and accelerate commercial interactions between buyers and sellers. Its platforms and services empower businesses around the world, allowing them to generate billions of dollars in transactions on an annual basis. The company's procurement, e-commerce and e-marketplace platforms are supported by a strong and dedicated team based in Canada, the United States, Denmark, Ukraine, and China.