Hank Payments (TSXV:HANK) Days Payable : 402.93 (As of Mar. 2024)

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What is Hank Payments Days Payable?

Hank Payments's average Accounts Payable for the three months ended in Mar. 2024 was C$0.76 Mil. Hank Payments's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.17 Mil. Hence, Hank Payments's Days Payable for the three months ended in Mar. 2024 was 402.93.

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

TSXV:HANK' s Days Payable Range Over the Past 10 Years
Min: 334.06 Med: 345.52 Max: 356.97
Current: 353.35

During the past 2 years, Hank Payments's highest Days Payable was 356.97. The lowest was 334.06. And the median was 345.52.

TSXV:HANK's Days Payable is ranked better than
90.92% of 2523 companies
in the Software industry
Industry Median: 48.75 vs TSXV:HANK: 353.35

Hank Payments's Days Payable increased from Mar. 2023 (368.34) to Mar. 2024 (402.93). It may suggest that Hank Payments delayed paying its suppliers.

Hank Payments Days Payable Historical Data

The historical data trend for Hank Payments'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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Hank Payments Days Payable Chart

Hank Payments Annual Data

Trend

Jun22

Jun23

Days Payable

356.97

334.06

Hank Payments Quarterly Data
	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								368.34	326.27	313.24	335.89	402.93

Competitive Comparison of Hank Payments's Days Payable

For the Software - Infrastructure subindustry, Hank Payments'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.

Hank Payments's Days Payable Distribution in the Software Industry

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

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

Hank Payments 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.

Hank Payments's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.578	+	0.588)	/	2 )	/	0.637	*	365
=	0.583					/	0.637	*	365
=	334.06

Hank Payments'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
=	( (0.695	+	0.824)	/	2 )	/	0.172	*	365 / 4
=	0.7595					/	0.172	*	365 / 4
=	402.93

Hank Payments Days Payable Related Terms

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Hank Payments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hank Payments Corp (TSXV:HANK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HNKPF:USA

Address

66 Wellington Street West, Suite 4100, Toronto, ON, CAN, M5K 1B7

Website

https://www.hankpayments.com

Hank Payments Corp is a financial technology company with a software platform that acts as a consumer's personal, financial concierge using a powerful technology to automate the complexities of personal cash flow management. The Hank Platform debits when consumers have cash, stores the cash with partner banks, then automatically instructs partner banks to pay bills and loans as near to due, and often sooner than required. Approximately half of company's customers are financially sound and use the Platform for convenience, while the other half improve their payment performance through use of the Hank Platform.

Executives

Michael Hilmer	Director, Senior Officer
Ashish Kapoor	Senior Officer
Uptempo Inc.	10% Security Holder
Jeff Guthrie	Senior Officer

Hank Payments Headlines

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