Simpple (Simpple) Days Payable : 67.76 (As of Dec. 2022)

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What is Simpple Days Payable?

Simpple's average Accounts Payable for the six months ended in Dec. 2022 was $0.46 Mil. Simpple's Cost of Goods Sold for the six months ended in Dec. 2022 was $1.24 Mil. Hence, Simpple's Days Payable for the six months ended in Dec. 2022 was 67.76.

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

SPPL's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.36
* Ranked among companies with meaningful Days Payable only.

Simpple's Days Payable declined from Dec. 2021 (75.88) to Dec. 2022 (67.76). It may suggest that Simpple accelerated paying its suppliers.

Simpple Days Payable Historical Data

The historical data trend for Simpple'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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Simpple Days Payable Chart

Simpple Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

32.36

45.56

39.57

Simpple Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22
Days Payable	-	23.81	75.88	93.70	67.76

Competitive Comparison of Simpple's Days Payable

For the Software - Application subindustry, Simpple'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.

Simpple's Days Payable Distribution in the Software Industry

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

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

Simpple 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.

Simpple'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
=	( (0.232	+	0.235)	/	2 )	/	2.154	*	365
=	0.2335					/	2.154	*	365
=	39.57

Simpple'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
=	( (0.685	+	0.235)	/	2 )	/	1.239	*	365 / 2
=	0.46					/	1.239	*	365 / 2
=	67.76

Simpple Days Payable Related Terms

Thank you for viewing the detailed overview of Simpple's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Simpple (Simpple) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Simpple Ltd (NAS:SPPL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 03-07, 71 Ayer Rajah Crescent, Singapore, SGP, 139951

Website

https://www.simpple.com.sg

Simpple Ltd delivers an ecosystem solution that combines Internet-of-Things devices, robotic solutions and an integrated software system operating in unison to position buildings to be future-ready.

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