NOWG (Nowigence) Days Payable: 8,694.82 (As of Dec. 2022)


NOWG Nowigence Inc NOWG
16 GF Score
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What is Nowigence Days Payable?

Nowigence NOWG 16 Days Payable is 8,694.82 as of Dec. 2022. GuruFocus rates NOWG with a GF Score™ of 16/100.

Nowigence's average Accounts Payable for the six months ended in Dec. 2022 was $0.33 Mil. Nowigence's Cost of Goods Sold for the six months ended in Dec. 2022 was $0.01 Mil. Hence, Nowigence's Days Payable for the six months ended in Dec. 2022 was 8,694.82.

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

NOWG's Days Payable is not ranked *
in the Software industry.
Industry Median: 53.955
* Ranked among companies with meaningful Days Payable only.

Nowigence's Days Payable increased from Dec. 2021 (0.00) to Dec. 2022 (8,694.82). It may suggest that Nowigence delayed paying its suppliers.

Nowigence Days Payable Historical Data

* Premium members only.

The historical data trend for Nowigence'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.

Nowigence Days Payable Chart

Nowigence Annual Data
Trend Dec20 Dec21 Dec22
Days Payable
1,433.93 4,326.32 8,929.46

Nowigence Semi-Annual Data
Dec20 Dec21 Jun22 Dec22
Days Payable 0.00 0.00 8,638.33 8,694.82

NOWG vs BMTX, LZGI, NXPL: Days Payable Comparison

For the Software - Application subindustry, Nowigence'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.

Nowigence Days Payable vs Software Industry

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

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


NOWG
16GF Score
Nowigence Inc NOWG
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Nowigence 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.

Nowigence's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (0.293 + 0.392) / 2 ) / 0.014*365
=0.3425 / 0.014*365
=8,929.46

Nowigence's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

Days Payable (Q: Dec. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2022 ) + Accounts Payable (Q: Dec. 2022 )) / count ) / Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=( (0.275 + 0.392) / 2 ) / 0.007*365 / 2
=0.3335 / 0.007*365 / 2
=8,694.82

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 8,694.82 mean?
Nowigence (NOWG) has a Days Payable of 8,694.82 as of Dec. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nowigence and its competitors.
Is Nowigence's Days Payable too high?
Nowigence's current Days Payable is 8,694.82. The Software industry median Days Payable is 53.96. Nowigence's value of 8,694.82 is 16014.9% above this industry median. Overall, Nowigence has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Nowigence's Days Payable compare to BMTX and LZGI?
Nowigence's Days Payable of 8,694.82 can be compared against companies in the Software industry. The industry median Days Payable is 53.96. Nowigence's value of 8,694.82 is 16014.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 53.96, based on 2,604 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nowigence's current Days Payable of 8,694.82 is 16014.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nowigence and its competitors. For the Software industry, the median Days Payable is 53.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nowigence's current Days Payable is 8,694.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nowigence stock overvalued right now?
Nowigence (NOWG) has a current Days Payable of 8,694.82. The current Days Payable is 8,694.82 and 16014.9% above the Software industry median of 53.96. Nowigence's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Nowigence (NOWG), the current Days Payable is 8,694.82 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nowigence Business Description

Address 313 Ushers Road, Suite 33, Ballston Lake, New York, NY, USA, 12019
Nowigence Inc is a software-as-a-service (SaaS) company focused on developing and bringing to market Pluaris, which is a comprehensive, ready-to-use artificial intelligence (AI) platform. Pluaris is created to replace contemporary search boxes found in apps, cloud data storage tools, intranets or company websites.
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