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TDTH (Trident Digital Tech Holdings) Days Payable : 83.67 (As of Jun. 2024)


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What is Trident Digital Tech Holdings Days Payable?

Trident Digital Tech Holdings's average Accounts Payable for the six months ended in Jun. 2024 was $0.17 Mil. Trident Digital Tech Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was $0.36 Mil. Hence, Trident Digital Tech Holdings's Days Payable for the six months ended in Jun. 2024 was 83.67.

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

TDTH' s Days Payable Range Over the Past 10 Years
Min: 41.53   Med: 49.23   Max: 62.98
Current: 47.93

During the past 3 years, Trident Digital Tech Holdings's highest Days Payable was 62.98. The lowest was 41.53. And the median was 49.23.

TDTH's Days Payable is ranked worse than
51.38% of 2538 companies
in the Software industry
Industry Median: 50.575 vs TDTH: 47.93

Trident Digital Tech Holdings's Days Payable increased from Jun. 2023 (83.27) to Jun. 2024 (83.67). It may suggest that Trident Digital Tech Holdings delayed paying its suppliers.

Trident Digital Tech Holdings Days Payable Historical Data

The historical data trend for Trident Digital Tech 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.

* Premium members only.

Trident Digital Tech Holdings Days Payable Chart

Trident Digital Tech Holdings Annual Data
Trend Dec21 Dec22 Dec23
Days Payable
41.53 49.23 62.98

Trident Digital Tech Holdings Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Payable Get a 7-Day Free Trial 25.04 63.96 83.27 37.40 83.67

Competitive Comparison of Trident Digital Tech Holdings's Days Payable

For the Information Technology Services subindustry, Trident Digital Tech 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.

Trident Digital Tech Holdings's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Trident Digital Tech Holdings's Days Payable falls into.


Trident Digital Tech 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.

Trident Digital Tech 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
=( (0.218 + 0.202) / 2 ) / 1.217*365
=0.21 / 1.217*365
=62.98

Trident Digital Tech Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0.202 + 0.129) / 2 ) / 0.361*365 / 2
=0.1655 / 0.361*365 / 2
=83.67

* 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.

Trident Digital Tech Holdings Days Payable Related Terms

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Trident Digital Tech Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Trident Digital Tech Holdings Ltd (NAS:TDTH) » Definitions » Days Payable
Comparable Companies
HLEO WYY CLPS BTCM CTM DTST GLE GEDC JFU SAIH IBM ACN NSE:TCS FI NSE:INFY NSE:HCLTECH CTSH IT FIS BOM:507685
Traded in Other Exchanges
N/A
Address
8 Temasek Boulevard Road, Suntec Tower 3, No. 24-03, Singapore, SGP, 038988
Website
https://tridentity.me
Trident Digital Tech Holdings is principally engaged in the provision of business consulting service and IT customization solutions in the Republic of Singapore.