Softchoice (TSX:SFTC) Days Payable : 219.87 (As of Dec. 2023)

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What is Softchoice Days Payable?

Softchoice's average Accounts Payable for the three months ended in Dec. 2023 was C$422 Mil. Softchoice's Cost of Goods Sold for the three months ended in Dec. 2023 was C$175 Mil. Hence, Softchoice's Days Payable for the three months ended in Dec. 2023 was 219.87.

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

TSX:SFTC' s Days Payable Range Over the Past 10 Years
Min: 65.19 Med: 102.47 Max: 235.73
Current: 235.73

During the past 13 years, Softchoice's highest Days Payable was 235.73. The lowest was 65.19. And the median was 102.47.

TSX:SFTC's Days Payable is ranked better than
85.41% of 2522 companies
in the Software industry
Industry Median: 50.7 vs TSX:SFTC: 235.73

Softchoice's Days Payable increased from Dec. 2022 (197.28) to Dec. 2023 (219.87). It may suggest that Softchoice delayed paying its suppliers.

Softchoice Days Payable Historical Data

The historical data trend for Softchoice'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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Softchoice Days Payable Chart

Softchoice Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec20

Dec21

Dec22

Dec23

Days Payable

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84.78

104.05

150.07

176.51

231.61

Softchoice Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															197.28	204.18	247.26	289.43	219.87

Competitive Comparison of Softchoice's Days Payable

For the Information Technology Services subindustry, Softchoice'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.

Softchoice's Days Payable Distribution in the Software Industry

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

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

Softchoice 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.

Softchoice'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
=	( (407.697	+	432.929)	/	2 )	/	662.376	*	365
=	420.313					/	662.376	*	365
=	231.61

Softchoice's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (411.252	+	432.929)	/	2 )	/	175.173	*	365 / 4
=	422.0905					/	175.173	*	365 / 4
=	219.87

Softchoice Days Payable Related Terms

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Softchoice (TSX:SFTC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SFTCF:USA

Address

173 Dufferin Street, Suite 200, Toronto, ON, CAN, M6K 3H7

Website

https://www.softchoice.com

Softchoice Corp is a technology service and solutions provider that equips organizations to be agile for their people to be engaged, connected and creative at work. The company designs, procures, implements and manages complex multi-vendor IT solutions that enable customers' digital transformations using a results-oriented engagement model that drives long-term relationships.

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