SmartPay Holdings (NZSE:SPY) Days Payable : 258.45 (As of Mar. 2024)

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What is SmartPay Holdings Days Payable?

SmartPay Holdings's average Accounts Payable for the six months ended in Mar. 2024 was NZ$30.19 Mil. SmartPay Holdings's Cost of Goods Sold for the six months ended in Mar. 2024 was NZ$21.32 Mil. Hence, SmartPay Holdings's Days Payable for the six months ended in Mar. 2024 was 258.45.

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

NZSE:SPY' s Days Payable Range Over the Past 10 Years
Min: 45.41 Med: 331.43 Max: 1952.46
Current: 195.41

During the past 13 years, SmartPay Holdings's highest Days Payable was 1952.46. The lowest was 45.41. And the median was 331.43.

NZSE:SPY's Days Payable is ranked better than
83.68% of 2524 companies
in the Software industry
Industry Median: 49.575 vs NZSE:SPY: 195.41

SmartPay Holdings's Days Payable increased from Mar. 2023 (183.61) to Mar. 2024 (258.45). It may suggest that SmartPay Holdings delayed paying its suppliers.

SmartPay Holdings Days Payable Historical Data

The historical data trend for SmartPay Holdings'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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SmartPay Holdings Days Payable Chart

SmartPay Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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331.43

77.26

54.27

45.41

55.10

SmartPay Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															149.53	224.56	183.61	273.44	258.45

Competitive Comparison of SmartPay Holdings's Days Payable

For the Software - Infrastructure subindustry, SmartPay Holdings'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.

SmartPay Holdings's Days Payable Distribution in the Software Industry

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

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

SmartPay Holdings 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.

SmartPay Holdings's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (4.795	+	7.458)	/	2 )	/	40.585	*	365
=	6.1265					/	40.585	*	365
=	55.10

SmartPay Holdings's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (52.931	+	7.458)	/	2 )	/	21.321	*	365 / 2
=	30.1945					/	21.321	*	365 / 2
=	258.45

SmartPay Holdings Days Payable Related Terms

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SmartPay Holdings (NZSE:SPY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartPay Holdings Ltd (NZSE:SPY) » Definitions » Days Payable

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Traded in Other Exchanges

SMP:Australia

Address

205-209 Wairau Road, Wairau Valley, Auckland, NZL, 0627

Website

https://www.smartpay.co.nz

SmartPay Holdings Ltd is engaged in the provision of payment solutions. It offers an electronic funds transfer at point of sale (EFTPOS) system. Its products include EFTPOS applications, Smartpay Labs, EFTPOS terminals, and mobile EFTPOS machines. The company designs develops and implements payment solutions for customers in New Zealand and Australia. It also licenses its technologies to third parties. The firm's majority of revenue comes from New Zealand.