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NYWKF (NTG Clarity Networks) Days Payable : 42.49 (As of Sep. 2024)


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What is NTG Clarity Networks Days Payable?

NTG Clarity Networks's average Accounts Payable for the three months ended in Sep. 2024 was $3.11 Mil. NTG Clarity Networks's Cost of Goods Sold for the three months ended in Sep. 2024 was $6.68 Mil. Hence, NTG Clarity Networks's Days Payable for the three months ended in Sep. 2024 was 42.49.

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

NYWKF' s Days Payable Range Over the Past 10 Years
Min: 29.37   Med: 103.03   Max: 231.08
Current: 45.54

During the past 13 years, NTG Clarity Networks's highest Days Payable was 231.08. The lowest was 29.37. And the median was 103.03.

NYWKF's Days Payable is ranked worse than
53.1% of 2535 companies
in the Software industry
Industry Median: 50.17 vs NYWKF: 45.54

NTG Clarity Networks's Days Payable declined from Sep. 2023 (64.63) to Sep. 2024 (42.49). It may suggest that NTG Clarity Networks accelerated paying its suppliers.


NTG Clarity Networks Days Payable Historical Data

The historical data trend for NTG Clarity Networks'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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NTG Clarity Networks Days Payable Chart

NTG Clarity Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 168.47 228.03 202.74 63.42 29.00

NTG Clarity Networks 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 64.63 45.06 46.66 44.70 42.49

Competitive Comparison of NTG Clarity Networks's Days Payable

For the Software - Application subindustry, NTG Clarity Networks'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.


NTG Clarity Networks's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where NTG Clarity Networks's Days Payable falls into.


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NTG Clarity Networks 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.

NTG Clarity Networks'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
=( (1.096 + 0) / 1 ) / 13.793*365
=1.096 / 13.793*365
=29.00

NTG Clarity Networks'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
=( (3.078 + 3.14) / 2 ) / 6.676*365 / 4
=3.109 / 6.676*365 / 4
=42.49

* 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.


NTG Clarity Networks Days Payable Related Terms

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NTG Clarity Networks Business Description

Traded in Other Exchanges
Address
2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9
NTG Clarity Networks Inc provides digital transformation solutions software development outsourcing and software products. The group provides engineering, Information Technology, networking services, and developing niche software products for telecommunications and utilities. It also expanded into the financial and government sectors, providing technical resources and products to assist customers with projects that include digital transformation.