ePlus (STU:MLE) Days Payable : 65.56 (As of Mar. 2024)

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What is ePlus Days Payable?

ePlus's average Accounts Payable for the three months ended in Mar. 2024 was €280 Mil. ePlus's Cost of Goods Sold for the three months ended in Mar. 2024 was €390 Mil. Hence, ePlus's Days Payable for the three months ended in Mar. 2024 was 65.56.

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

STU:MLE' s Days Payable Range Over the Past 10 Years
Min: 25.87 Med: 35.33 Max: 64.42
Current: 64.42

During the past 13 years, ePlus's highest Days Payable was 64.42. The lowest was 25.87. And the median was 35.33.

STU:MLE's Days Payable is ranked better than
57.01% of 2526 companies
in the Software industry
Industry Median: 49.695 vs STU:MLE: 64.42

ePlus's Days Payable declined from Mar. 2023 (66.31) to Mar. 2024 (65.56). It may suggest that ePlus accelerated paying its suppliers.

ePlus Days Payable Historical Data

The historical data trend for ePlus'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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ePlus Days Payable Chart

ePlus Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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25.58

39.54

38.77

41.50

58.76

ePlus 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															66.31	60.65	66.08	72.59	65.56

Competitive Comparison of ePlus's Days Payable

For the Software - Application subindustry, ePlus'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.

ePlus's Days Payable Distribution in the Software Industry

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

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

ePlus 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.

ePlus'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
=	( (205.629	+	290.422)	/	2 )	/	1540.548	*	365
=	248.0255					/	1540.548	*	365
=	58.76

ePlus'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
=	( (270.244	+	290.422)	/	2 )	/	390.187	*	365 / 4
=	280.333					/	390.187	*	365 / 4
=	65.56

ePlus Days Payable Related Terms

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

ePlus (STU:MLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ePlus Inc (STU:MLE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PLUS:USA MLE:Germany

Address

13595 Dulles Technology Drive, Herndon, VA, USA, 20171-3413

Website

https://www.eplus.com

ePlus Inc is a holding company. ePlus through its subsidiaries provides information technology solutions. The company's technology solutions enable organizations to optimize their IT environment and supply chain processes. It also provides consulting, professional and managed services, and complete lifecycle management services including flexible financing solutions. ePlus focuses on selling to medium and large enterprises in the United States and to customers in select international markets including the United Kingdom, the European Union, India, Singapore, and Israel..

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