Memex (TSXV:OEE.H) Days Payable: 244.49 (As of Jun. 2023)

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What is Memex Days Payable?

Memex TSXV:OEE.H Days Payable is 244.49 as of Jun. 2023.

Memex's average Accounts Payable for the three months ended in Jun. 2023 was C$0.25 Mil. Memex's Cost of Goods Sold for the three months ended in Jun. 2023 was C$0.09 Mil. Hence, Memex's Days Payable for the three months ended in Jun. 2023 was 244.49.

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

TSXV:OEE.H's Days Payable is not ranked *
in the Software industry.
Industry Median: 52.79
* Ranked among companies with meaningful Days Payable only.

Memex's Days Payable increased from Jun. 2022 (106.01) to Jun. 2023 (244.49). It may suggest that Memex delayed paying its suppliers.

Memex Days Payable Historical Data

* Premium members only.

The historical data trend for Memex'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.

Memex Days Payable Chart

Memex Annual Data
Trend Aug13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 184.20 129.83 150.60 88.64 109.77

Memex Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 106.01 130.36 168.72 152.67 244.49

TSXV:OEE.H vs CRM, INTU, NOW: Days Payable Comparison

For the Software - Application subindustry, Memex'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.

Memex Days Payable vs Software Industry

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

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


Memex 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.

Memex's Days Payable for the fiscal year that ended in Sep. 2022 is calculated as

Days Payable (A: Sep. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2021 ) + Accounts Payable (A: Sep. 2022 )) / count ) / Cost of Goods Sold (A: Sep. 2022 )*Days in Period
=( (0.143 + 0.18) / 2 ) / 0.537*365
=0.1615 / 0.537*365
=109.77

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

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2023 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (0.26 + 0.233) / 2 ) / 0.092*365 / 4
=0.2465 / 0.092*365 / 4
=244.49

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 244.49 mean?
Memex (TSXV:OEE.H) has a Days Payable of 244.49 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Memex and its competitors.
Is Memex's Days Payable too high?
Memex's current Days Payable is 244.49. The Software industry median Days Payable is 52.79. Memex's value of 244.49 is 363.1% above this industry median.
How does Memex's Days Payable compare to CRM and INTU?
Memex's Days Payable of 244.49 can be compared against companies in the Software industry. The industry median Days Payable is 52.79. Memex's value of 244.49 is 363.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 52.79, based on 2,605 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Memex's current Days Payable of 244.49 is 363.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Memex and its competitors. For the Software industry, the median Days Payable is 52.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Memex's current Days Payable is 244.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Memex stock overvalued right now?
Memex (TSXV:OEE.H) has a current Days Payable of 244.49. The current Days Payable is 244.49 and 363.1% above the Software industry median of 52.79. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Memex (TSXV:OEE.H), the current Days Payable is 244.49 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Memex Business Description

Address 880 Laurentian Drive, Unit 200, Burlington, ON, CAN, L7N 3V6
Memex Inc is a technology-based company. It develops, commercializes, and manufactures a suite of products for its customers in the discrete manufacturing and aerospace sectors. It's flagship product MERLIN is a software-driven IIoT communications platform that provides manufacturing analytics in real-time. MERLIN connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines. The company derives a majority of its revenue from Software licensing. Geographically, it generates maximum revenue from the United States and also has a presence in Mexico and Other Countries.