SPDC (Speed Commerce) Days Payable: 30.37 (As of Dec. 2015)


What is Speed Commerce Days Payable?

Speed Commerce SPDC Days Payable is 30.37 as of Dec. 2015.

Speed Commerce's average Accounts Payable for the three months ended in Dec. 2015 was $10.8 Mil. Speed Commerce's Cost of Goods Sold for the three months ended in Dec. 2015 was $32.5 Mil. Hence, Speed Commerce's Days Payable for the three months ended in Dec. 2015 was 30.37.

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

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

Speed Commerce's Days Payable declined from Dec. 2014 (49.18) to Dec. 2015 (30.37). It may suggest that Speed Commerce accelerated paying its suppliers.

Speed Commerce Days Payable Historical Data

* Premium members only.

The historical data trend for Speed 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.

Speed Commerce Days Payable Chart

Speed Commerce Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.30 4,227.18 344.96 48.85 50.45

Speed Commerce Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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 49.18 36.71 49.37 36.20 30.37

SPDC vs RMDM, BVTK, LAAB: Days Payable Comparison

For the Software - Application subindustry, Speed 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.

Speed Commerce Days Payable vs Software Industry

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

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


Speed 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.

Speed Commerce's Days Payable for the fiscal year that ended in Mar. 2015 is calculated as

Days Payable (A: Mar. 2015 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2014 ) + Accounts Payable (A: Mar. 2015 )) / count ) / Cost of Goods Sold (A: Mar. 2015 )*Days in Period
=( (12.683 + 16.453) / 2 ) / 105.4*365
=14.568 / 105.4*365
=50.45

Speed Commerce's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable (Q: Dec. 2015 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2015 ) + Accounts Payable (Q: Dec. 2015 )) / count ) / Cost of Goods Sold (Q: Dec. 2015 )*Days in Period
=( (9.291 + 12.32) / 2 ) / 32.462*365 / 4
=10.8055 / 32.462*365 / 4
=30.37

* 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 30.37 mean?
Speed Commerce (SPDC) has a Days Payable of 30.37 as of Dec. 2015. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Speed Commerce and its competitors.
Is Speed Commerce's Days Payable too high?
Speed Commerce's current Days Payable is 30.37. The Software industry median Days Payable is 53.96. Speed Commerce's value of 30.37 is 43.7% below this industry median.
How does Speed Commerce's Days Payable compare to RMDM and BVTK?
Speed Commerce's Days Payable of 30.37 can be compared against companies in the Software industry. The industry median Days Payable is 53.96. Speed Commerce's value of 30.37 is 43.7% below 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. Speed Commerce's current Days Payable of 30.37 is 43.7% below 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 Speed Commerce 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. Speed Commerce's current Days Payable is 30.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speed Commerce stock overvalued right now?
Speed Commerce (SPDC) has a current Days Payable of 30.37. The current Days Payable is 30.37 and 43.7% below the Software industry median of 53.96. 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 Speed Commerce (SPDC), the current Days Payable is 30.37 as of Dec. 2015. 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.

Speed Commerce Business Description

Address 1303 East Arapaho Road, Suite 200, Richardson, TX, USA, 75081
Speed Commerce Inc is a provider of flexible end-to-end e-commerce services to retailers and manufacturers. It provides Web platform development and hosting, order management, fulfillment, logistics and contact center services, which provide clients with transaction-based services and information management tools. It manages fulfillment center from four facilities located in Pennsylvania, Ohio, Missouri, and Texas, utilizing automation technology, such as unit sortation, pick-to-pack conveyors and radio frequency (RF) scanning.