TKXHF (TrackX Holdings) Days Payable: 425.67 (As of Jun. 2022)

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What is TrackX Holdings Days Payable?

TrackX Holdings TKXHF -99.91% Days Payable is 425.67 as of Jun. 2022.

TrackX Holdings's average Accounts Payable for the three months ended in Jun. 2022 was $0.86 Mil. TrackX Holdings's Cost of Goods Sold for the three months ended in Jun. 2022 was $0.19 Mil. Hence, TrackX Holdings's Days Payable for the three months ended in Jun. 2022 was 425.67.

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

TKXHF's Days Payable is not ranked *
in the Software industry.
Industry Median: 51.57
* Ranked among companies with meaningful Days Payable only.

TrackX Holdings's Days Payable increased from Jun. 2021 (93.14) to Jun. 2022 (425.67). It may suggest that TrackX Holdings delayed paying its suppliers.

TrackX Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for TrackX 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.

TrackX Holdings Days Payable Chart

TrackX Holdings Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.77 159.30 185.79 307.10 143.20

TrackX Holdings Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 93.14 62.25 298.50 296.38 425.67

TKXHF vs CRM, INTU, NOW: Days Payable Comparison

For the Software - Application subindustry, TrackX 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.

TrackX Holdings Days Payable vs Software Industry

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

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


TrackX 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.

TrackX Holdings's Days Payable for the fiscal year that ended in Sep. 2021 is calculated as

Days Payable (A: Sep. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2020 ) + Accounts Payable (A: Sep. 2021 )) / count ) / Cost of Goods Sold (A: Sep. 2021 )*Days in Period
=( (0.599 + 0.465) / 2 ) / 1.356*365
=0.532 / 1.356*365
=143.20

TrackX Holdings's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

Days Payable (Q: Jun. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2022 ) + Accounts Payable (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (0.82 + 0.906) / 2 ) / 0.185*365 / 4
=0.863 / 0.185*365 / 4
=425.67

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 425.67 mean?
TrackX Holdings (TKXHF) has a Days Payable of 425.67 as of Jun. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TrackX Holdings and its competitors.
Is TrackX Holdings' Days Payable too high?
TrackX Holdings' current Days Payable is 425.67. The Software industry median Days Payable is 51.57. TrackX Holdings' value of 425.67 is 725.4% above this industry median.
How does TrackX Holdings' Days Payable compare to CRM and INTU?
TrackX Holdings' Days Payable of 425.67 can be compared against companies in the Software industry. The industry median Days Payable is 51.57. TrackX Holdings' value of 425.67 is 725.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 51.57, based on 2,603 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TrackX Holdings's current Days Payable of 425.67 is 725.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TrackX Holdings and its competitors. For the Software industry, the median Days Payable is 51.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TrackX Holdings's current Days Payable is 425.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TrackX Holdings stock overvalued right now?
TrackX Holdings (TKXHF) has a current Days Payable of 425.67. The current Days Payable is 425.67 and 725.4% above the Software industry median of 51.57. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For TrackX Holdings (TKXHF), the current Days Payable is 425.67 as of Jun. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TrackX Holdings Business Description

Address 800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6
TrackX Holdings Inc is an enterprise asset management company deploying SaaS based solutions leveraging multiple auto-ID and sensor technologies for the comprehensive tracking and management of physical assets. TrackX's Global Asset Management for Enterprises (GAME) platform enables the Industrial Internet of Things (IIoT) by providing item level tracking, workflow processing, event management, alerting and powerful analytics to deliver solutions across a growing number of industries. Its customers are in industries such as transportation, beverage, brewery, healthcare, hi-tech, hospitality, mining, agriculture, horticulture, manufacturing and government.