Ameritrust Financial Technologies (TSXV:AMT) Days Payable : 707.76 (As of Sep. 2024)

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What is Ameritrust Financial Technologies Days Payable?

Ameritrust Financial Technologies's average Accounts Payable for the three months ended in Sep. 2024 was C$2.18 Mil. Ameritrust Financial Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.28 Mil. Hence, Ameritrust Financial Technologies's Days Payable for the three months ended in Sep. 2024 was 707.76.

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

TSXV:AMT' s Days Payable Range Over the Past 10 Years
Min: 58.64 Med: 196.33 Max: 588.23
Current: 549.5

During the past 13 years, Ameritrust Financial Technologies's highest Days Payable was 588.23. The lowest was 58.64. And the median was 196.33.

TSXV:AMT's Days Payable is ranked better than
93.41% of 2551 companies
in the Software industry
Industry Median: 50.93 vs TSXV:AMT: 549.50

Ameritrust Financial Technologies's Days Payable increased from Sep. 2023 (316.66) to Sep. 2024 (707.76). It may suggest that Ameritrust Financial Technologies delayed paying its suppliers.

Ameritrust Financial Technologies Days Payable Historical Data

The historical data trend for Ameritrust Financial 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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Ameritrust Financial Technologies Days Payable Chart

Ameritrust Financial Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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196.33

312.07

58.64

158.01

588.23

Ameritrust Financial Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															316.66	389.23	575.19	590.92	707.76

Competitive Comparison of Ameritrust Financial Technologies's Days Payable

For the Software - Application subindustry, Ameritrust Financial 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.

Ameritrust Financial Technologies's Days Payable Distribution in the Software Industry

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

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

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Ameritrust Financial 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.

Ameritrust Financial 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
=	( (2.807	+	1.699)	/	2 )	/	1.398	*	365
=	2.253					/	1.398	*	365
=	588.23

Ameritrust Financial Technologies's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (2.071	+	2.288)	/	2 )	/	0.281	*	365 / 4
=	2.1795					/	0.281	*	365 / 4
=	707.76

Ameritrust Financial Technologies Days Payable Related Terms

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Ameritrust Financial Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ameritrust Financial Technologies Inc (TSXV:AMT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AMTFF:USA 1ZV:Germany

Address

1100 Burloak Drive, Suite 300, Burlington, ON, CAN, L7L 6B2

Website

https://www.ameritrust.com

Ameritrust Financial Technologies Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance, and lease new and used vehicles, which includes real-time appraisal services, market information, and financing solutions.

Executives

Euwye Chan	Senior Officer
Jamie Andrew Chown	Senior Officer
Bruce Ira Polkes	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Kelly David Michael Jennings	Director, Senior Officer
Jon Noll Lamb	Senior Officer
Ivan Buzbuzian	Director
Newbridge Capital	10% Security Holder
Andrea Lyon Parliament-o'flaherty	Director
Derek Wasson	10% Security Holder, Director, Senior Officer