Priority Technology Holdings (STU:60W) Days Payable : 21.28 (As of Mar. 2024)

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What is Priority Technology Holdings Days Payable?

Priority Technology Holdings's average Accounts Payable for the three months ended in Mar. 2024 was €27.7 Mil. Priority Technology Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was €119.0 Mil. Hence, Priority Technology Holdings's Days Payable for the three months ended in Mar. 2024 was 21.28.

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

STU:60W' s Days Payable Range Over the Past 10 Years
Min: 4.9 Med: 16.3 Max: 34.94
Current: 34.94

During the past 9 years, Priority Technology Holdings's highest Days Payable was 34.94. The lowest was 4.90. And the median was 16.30.

STU:60W's Days Payable is ranked worse than
62% of 2524 companies
in the Software industry
Industry Median: 49.575 vs STU:60W: 34.94

Priority Technology Holdings's Days Payable declined from Mar. 2023 (23.83) to Mar. 2024 (21.28). It may suggest that Priority Technology Holdings accelerated paying its suppliers.

Priority Technology Holdings Days Payable Historical Data

The historical data trend for Priority Technology 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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Priority Technology Holdings Days Payable Chart

Priority Technology Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.54

19.35

12.90

4.76

6.73

Priority Technology Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															23.83	46.55	44.99	24.67	21.28

Competitive Comparison of Priority Technology Holdings's Days Payable

For the Software - Infrastructure subindustry, Priority Technology 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.

Priority Technology Holdings's Days Payable Distribution in the Software Industry

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

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

Priority Technology 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.

Priority Technology Holdings'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
=	( (6.148	+	10.09)	/	2 )	/	440.441	*	365
=	8.119					/	440.441	*	365
=	6.73

Priority Technology 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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (10.09	+	45.383)	/	2 )	/	118.954	*	365 / 4
=	27.7365					/	118.954	*	365 / 4
=	21.28

Priority Technology Holdings Days Payable Related Terms

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Priority Technology Holdings (STU:60W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Priority Technology Holdings Inc (STU:60W) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PRTH:USA

Address

2001 Westside Parkway, Suite 155, Alpharetta, GA, USA, 30004

Website

http://www.prth.com

Priority Technology Holdings Inc is a provider of merchant acquiring and commercial payment solutions to small and medium businesses enterprises in the United States. The company has three reportable segments which are SMB Payments, B2B Payments and Enterprise Payments. SMB Payments segment which generates majority revenue provides full-service acquiring and payment-enabled solutions for B2C transactions, leveraging priority's proprietary software platform, distributed through ISO: B2B Payments segment provides AP automation solutions to corporations, software partners and industry FIs: and Enterprise Payments segment provides embedded payment and treasury solutions to enterprise customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments.

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