Eddy Smart Home Solutions (TSXV:EDY) Days Payable : 643.22 (As of Mar. 2024)

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What is Eddy Smart Home Solutions Days Payable?

Eddy Smart Home Solutions's average Accounts Payable for the three months ended in Mar. 2024 was C$3.24 Mil. Eddy Smart Home Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.46 Mil. Hence, Eddy Smart Home Solutions's Days Payable for the three months ended in Mar. 2024 was 643.22.

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

TSXV:EDY' s Days Payable Range Over the Past 10 Years
Min: 626.82 Med: 891.91 Max: 1135.3
Current: 626.82

During the past 4 years, Eddy Smart Home Solutions's highest Days Payable was 1135.30. The lowest was 626.82. And the median was 891.91.

TSXV:EDY's Days Payable is ranked better than
98.56% of 2424 companies
in the Hardware industry
Industry Median: 68.08 vs TSXV:EDY: 626.82

Eddy Smart Home Solutions's Days Payable increased from Mar. 2023 (563.01) to Mar. 2024 (643.22). It may suggest that Eddy Smart Home Solutions delayed paying its suppliers.

Eddy Smart Home Solutions Days Payable Historical Data

The historical data trend for Eddy Smart Home Solutions'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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Eddy Smart Home Solutions Days Payable Chart

Eddy Smart Home Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

1,135.30

648.52

Eddy Smart Home Solutions Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							563.01	817.31	637.96	505.11	643.22

Competitive Comparison of Eddy Smart Home Solutions's Days Payable

For the Scientific & Technical Instruments subindustry, Eddy Smart Home Solutions'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.

Eddy Smart Home Solutions's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Eddy Smart Home Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Eddy Smart Home Solutions's Days Payable falls into.

Eddy Smart Home Solutions 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.

Eddy Smart Home Solutions'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
=	( (3.493	+	3.511)	/	2 )	/	1.971	*	365
=	3.502					/	1.971	*	365
=	648.52

Eddy Smart Home Solutions's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.511	+	2.96)	/	2 )	/	0.459	*	365 / 4
=	3.2355					/	0.459	*	365 / 4
=	643.22

Eddy Smart Home Solutions Days Payable Related Terms

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Eddy Smart Home Solutions (TSXV:EDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eddy Smart Home Solutions Ltd (TSXV:EDY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ESHSF:USA

Address

5255 Yonge Street, Suite 900, Toronto, ON, CAN, M2N 6P4

Website

https://www.eddysolutions.com

Eddy Smart Home Solutions Ltd is a provider and developer of residential and commercial smart water metering products and monitoring services. It helps property owners to protect, control, and conserve water usage by combining water-sensing devices with behavioral learning software. The Company operates in three operating segments, which are based on the Company's organizational structure and how the information is reported internally on a regular basis. geographically the majority of revenues come from Canada.

Executives

Cory Silver

Senior Officer

Eddy Smart Home Solutions (TSXV:EDY) Headlines

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