CyberArk Software (MEX:CYBR) Days Payable : 10.74 (As of Sep. 2024)

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What is CyberArk Software Days Payable?

CyberArk Software's average Accounts Payable for the three months ended in Sep. 2024 was MXN109 Mil. CyberArk Software's Cost of Goods Sold for the three months ended in Sep. 2024 was MXN929 Mil. Hence, CyberArk Software's Days Payable for the three months ended in Sep. 2024 was 10.74.

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

MEX:CYBR' s Days Payable Range Over the Past 10 Years
Min: 16.19 Med: 31.27 Max: 44.69
Current: 16.19

During the past 13 years, CyberArk Software's highest Days Payable was 44.69. The lowest was 16.19. And the median was 31.27.

MEX:CYBR's Days Payable is ranked worse than
84.19% of 2523 companies
in the Software industry
Industry Median: 48.75 vs MEX:CYBR: 16.19

CyberArk Software's Days Payable declined from Sep. 2023 (28.48) to Sep. 2024 (10.74). It may suggest that CyberArk Software accelerated paying its suppliers.

CyberArk Software Days Payable Historical Data

The historical data trend for CyberArk Software'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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CyberArk Software Days Payable Chart

CyberArk Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.48

30.13

35.35

35.10

31.14

CyberArk Software 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															28.48	27.53	15.86	9.51	10.74

Competitive Comparison of CyberArk Software's Days Payable

For the Software - Infrastructure subindustry, CyberArk Software'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.

CyberArk Software's Days Payable Distribution in the Software Industry

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

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

CyberArk Software 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.

CyberArk Software'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
=	( (265.964	+	186.224)	/	2 )	/	2650.206	*	365
=	226.094					/	2650.206	*	365
=	31.14

CyberArk Software'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
=	( (113.383	+	105.264)	/	2 )	/	929.086	*	365 / 4
=	109.3235					/	929.086	*	365 / 4
=	10.74

CyberArk Software Days Payable Related Terms

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CyberArk Software Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CyberArk Software Ltd (MEX:CYBR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CYBR:USA CYB:Germany

Address

9 Hapsagot Street, Park Ofer B, P.O. Box 3143, Petach Tikva, ISR, 4951040

Website

https://www.cyberark.com

CyberArk is a cybersecurity vendor focused on the identity market. The company's core privileged access management offering is a market leader within that subsegment, with more than half of the Fortune 500 CyberArk customers. The identity security vendor was founded in 1999 and has around 9,000 customers across various industries. While historically, CyberArk has sold its security solutions primarily via on-premises licenses, over the past few years, it has transitioned to a subscription, recurring revenue model.