TSCC (Technology Solutions Co) Days Payable: 2,712.61 (As of Dec. 2008)


What is Technology Solutions Co Days Payable?

Technology Solutions Co TSCC Days Payable is 2,712.61 as of Dec. 2008.

Technology Solutions Co's average Accounts Payable for the three months ended in Dec. 2008 was $0.98 Mil. Technology Solutions Co's Cost of Goods Sold for the three months ended in Dec. 2008 was $0.03 Mil. Hence, Technology Solutions Co's Days Payable for the three months ended in Dec. 2008 was 2,712.61.

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

TSCC's Days Payable is not ranked *
in the Software industry.
Industry Median: 53.955
* Ranked among companies with meaningful Days Payable only.

Technology Solutions Co's Days Payable increased from Dec. 2007 (7.95) to Dec. 2008 (2,712.61). It may suggest that Technology Solutions Co delayed paying its suppliers.

Technology Solutions Co Days Payable Historical Data

* Premium members only.

The historical data trend for Technology Solutions Co'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.

Technology Solutions Co Days Payable Chart

Technology Solutions Co Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.52 7.94 11.48 23.98 79.76

Technology Solutions Co Quarterly Data
Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08
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 7.95 32.28 99.44 69.73 2,712.61

TSCC vs SYSX: Days Payable Comparison

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

Technology Solutions Co Days Payable vs Software Industry

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

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


Technology Solutions Co 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.

Technology Solutions Co's Days Payable for the fiscal year that ended in Dec. 2008 is calculated as

Days Payable (A: Dec. 2008 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2007 ) + Accounts Payable (A: Dec. 2008 )) / count ) / Cost of Goods Sold (A: Dec. 2008 )*Days in Period
=( (1.539 + 0.959) / 2 ) / 5.716*365
=1.249 / 5.716*365
=79.76

Technology Solutions Co's Days Payable for the quarter that ended in Dec. 2008 is calculated as:

Days Payable (Q: Dec. 2008 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2008 ) + Accounts Payable (Q: Dec. 2008 )) / count ) / Cost of Goods Sold (Q: Dec. 2008 )*Days in Period
=( (1.003 + 0.959) / 2 ) / 0.033*365 / 4
=0.981 / 0.033*365 / 4
=2,712.61

* 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 2,712.61 mean?
Technology Solutions Co (TSCC) has a Days Payable of 2,712.61 as of Dec. 2008. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Technology Solutions Co and its competitors.
Is Technology Solutions Co's Days Payable too high?
Technology Solutions Co's current Days Payable is 2,712.61. The Software industry median Days Payable is 53.96. Technology Solutions Co's value of 2,712.61 is 4927.5% above this industry median.
How does Technology Solutions Co's Days Payable compare to SYSX?
Technology Solutions Co's Days Payable of 2,712.61 can be compared against companies in the Software industry. The industry median Days Payable is 53.96. Technology Solutions Co's value of 2,712.61 is 4927.5% 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 53.96, based on 2,604 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. Technology Solutions Co's current Days Payable of 2,712.61 is 4927.5% 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 Technology Solutions Co and its competitors. For the Software industry, the median Days Payable is 53.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technology Solutions Co's current Days Payable is 2,712.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technology Solutions Co stock overvalued right now?
Technology Solutions Co (TSCC) has a current Days Payable of 2,712.61. The current Days Payable is 2,712.61 and 4927.5% above the Software industry median of 53.96. 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 Technology Solutions Co (TSCC), the current Days Payable is 2,712.61 as of Dec. 2008. 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.

Technology Solutions Co Business Description

Address 55 East Monroe street, Suite 2600, Chicago, IL, USA, 60603
Technology Solutions Co provides business-consulting services across a broad range of industries and areas of expertise. The company provides business strategy and assessment services.