CounterPath (TSX:PATH) Days Payable : 358.33 (As of Oct. 2020)

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What is CounterPath Days Payable?

CounterPath's average Accounts Payable for the three months ended in Oct. 2020 was C$3.06 Mil. CounterPath's Cost of Goods Sold for the three months ended in Oct. 2020 was C$0.78 Mil. Hence, CounterPath's Days Payable for the three months ended in Oct. 2020 was 358.33.

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

TSX:PATH's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 49.74
* Ranked among companies with meaningful Days Payable only.

CounterPath's Days Payable increased from Oct. 2019 (329.21) to Oct. 2020 (358.33). It may suggest that CounterPath delayed paying its suppliers.

CounterPath Days Payable Historical Data

The historical data trend for CounterPath'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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CounterPath Days Payable Chart

CounterPath Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Days Payable

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97.85

83.68

123.78

113.73

121.12

CounterPath Quarterly Data
	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20
Days Payable	Get a 7-Day Free Trial															329.21	391.19	198.58	245.89	358.33

Competitive Comparison of CounterPath's Days Payable

For the Software - Application subindustry, CounterPath'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.

CounterPath's Days Payable Distribution in the Software Industry

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

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

CounterPath 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.

CounterPath's Days Payable for the fiscal year that ended in Apr. 2020 is calculated as

	Days Payable (A: Apr. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2019 )	+	Accounts Payable (A: Apr. 2020 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2020 )	*	Days in Period
=	( (0.989	+	0.992)	/	2 )	/	2.985	*	365
=	0.9905					/	2.985	*	365
=	121.12

CounterPath's Days Payable for the quarter that ended in Oct. 2020 is calculated as:

	Days Payable (Q: Oct. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2020 )	+	Accounts Payable (Q: Oct. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2020 )	*	Days in Period
=	( (3.05	+	3.076)	/	2 )	/	0.78	*	365 / 4
=	3.063					/	0.78	*	365 / 4
=	358.33

CounterPath Days Payable Related Terms

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CounterPath (TSX:PATH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CounterPath Corp (TSX:PATH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Burrard Street, Suite 300, One Bentall Centre, Vancouver, BC, CAN, V7X 1M3

Website

https://www.counterpath.com

CounterPath Corp designs develop and sell software and services that enable enterprises and telecommunication service providers to deliver Unified Communications (UC) services, including voice, video, messaging, and collaboration functionality. Its activities consisted primarily of selling IP telephony software and related services to telecom service providers, enterprises, and channel partners serving the telecom and enterprise segments.