Converge Technology Solutions (STU:0ZB) Days Payable : 177.25 (As of Dec. 2023)

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What is Converge Technology Solutions Days Payable?

Converge Technology Solutions's average Accounts Payable for the three months ended in Dec. 2023 was €623 Mil. Converge Technology Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was €321 Mil. Hence, Converge Technology Solutions's Days Payable for the three months ended in Dec. 2023 was 177.25.

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

STU:0ZB' s Days Payable Range Over the Past 10 Years
Min: 133.33 Med: 155.26 Max: 170.15
Current: 156.05

During the past 6 years, Converge Technology Solutions's highest Days Payable was 170.15. The lowest was 133.33. And the median was 155.26.

STU:0ZB's Days Payable is ranked better than
78.67% of 2522 companies
in the Software industry
Industry Median: 50.7 vs STU:0ZB: 156.05

Converge Technology Solutions's Days Payable increased from Dec. 2022 (152.06) to Dec. 2023 (177.25). It may suggest that Converge Technology Solutions delayed paying its suppliers.

Converge Technology Solutions Days Payable Historical Data

The historical data trend for Converge Technology Solutions'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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Converge Technology Solutions Days Payable Chart

Converge Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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131.31

168.87

164.85

151.73

159.74

Converge Technology Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															152.06	150.20	151.58	146.06	177.25

Competitive Comparison of Converge Technology Solutions's Days Payable

For the Information Technology Services subindustry, Converge Technology Solutions'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.

Converge Technology Solutions's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Converge Technology Solutions's Days Payable falls into.

Converge Technology Solutions 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.

Converge Technology Solutions'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
=	( (573.227	+	624.726)	/	2 )	/	1368.615	*	365
=	598.9765					/	1368.615	*	365
=	159.74

Converge Technology Solutions's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (622.143	+	624.726)	/	2 )	/	320.951	*	365 / 4
=	623.4345					/	320.951	*	365 / 4
=	177.25

Converge Technology Solutions Days Payable Related Terms

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Converge Technology Solutions (STU:0ZB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Converge Technology Solutions Corp (STU:0ZB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CTSDF:USA CTS:Canada

Address

161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2T6

Website

https://www.convergetp.com

Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.

Converge Technology Solutions (STU:0ZB) Headlines

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