Identillect Technologies (TSXV:ID) Days Payable : 5,155.63 (As of Dec. 2023)

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What is Identillect Technologies Days Payable?

Identillect Technologies's average Accounts Payable for the three months ended in Dec. 2023 was C$0.57 Mil. Identillect Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.01 Mil. Hence, Identillect Technologies's Days Payable for the three months ended in Dec. 2023 was 5,155.63.

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

TSXV:ID' s Days Payable Range Over the Past 10 Years
Min: 4345.24 Med: 5522.73 Max: 296745
Current: 4345.24

During the past 13 years, Identillect Technologies's highest Days Payable was 296745.00. The lowest was 4345.24. And the median was 5522.73.

TSXV:ID's Days Payable is ranked better than
98.58% of 2527 companies
in the Software industry
Industry Median: 50.54 vs TSXV:ID: 4345.24

Identillect Technologies's Days Payable increased from Dec. 2022 (5,121.41) to Dec. 2023 (5,155.63). It may suggest that Identillect Technologies delayed paying its suppliers.

Identillect Technologies Days Payable Historical Data

The historical data trend for Identillect Technologies'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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Identillect Technologies Days Payable Chart

Identillect Technologies Annual Data

Trend

Jul14

Jul15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6,353.28

4,692.17

4,676.56

Identillect Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															5,121.41	3,641.70	5,417.97	3,569.28	5,155.63

Competitive Comparison of Identillect Technologies's Days Payable

For the Software - Application subindustry, Identillect Technologies'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.

Identillect Technologies's Days Payable Distribution in the Software Industry

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

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

Identillect Technologies 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.

Identillect Technologies'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
=	( (0.42	+	0.605)	/	2 )	/	0.04	*	365
=	0.5125					/	0.04	*	365
=	4,676.56

Identillect Technologies'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
=	( (0.525	+	0.605)	/	2 )	/	0.01	*	365 / 4
=	0.565					/	0.01	*	365 / 4
=	5,155.63

Identillect Technologies Days Payable Related Terms

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Identillect Technologies (TSXV:ID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Identillect Technologies Corp (TSXV:ID) » Definitions » Days Payable

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8ID:Germany

Address

609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.identillect.com

Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers a Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.

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