SATO Technologies (TSXV:SATO) Days Payable : 6.89 (As of Sep. 2024)

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What is SATO Technologies Days Payable?

SATO Technologies's average Accounts Payable for the three months ended in Sep. 2024 was C$0.24 Mil. SATO Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was C$3.16 Mil. Hence, SATO Technologies's Days Payable for the three months ended in Sep. 2024 was 6.89.

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

TSXV:SATO' s Days Payable Range Over the Past 10 Years
Min: 7.84 Med: 29.23 Max: 42.62
Current: 7.84

During the past 13 years, SATO Technologies's highest Days Payable was 42.62. The lowest was 7.84. And the median was 29.23.

TSXV:SATO's Days Payable is ranked worse than
87.43% of 517 companies
in the Capital Markets industry
Industry Median: 111.7 vs TSXV:SATO: 7.84

SATO Technologies's Days Payable declined from Sep. 2023 (18.08) to Sep. 2024 (6.89). It may suggest that SATO Technologies accelerated paying its suppliers.

SATO Technologies Days Payable Historical Data

The historical data trend for SATO 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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SATO Technologies Days Payable Chart

SATO Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Dec22

Dec23

Days Payable

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42.62

15.83

SATO Technologies Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															18.08	10.35	3.94	6.65	6.89

Competitive Comparison of SATO Technologies's Days Payable

For the Capital Markets subindustry, SATO 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.

SATO Technologies's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SATO Technologies's Days Payable distribution charts can be found below:

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

SATO 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.

SATO 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
=	( (0.968	+	0.107)	/	2 )	/	12.39	*	365
=	0.5375					/	12.39	*	365
=	15.83

SATO 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
=	( (0.314	+	0.163)	/	2 )	/	3.157	*	365 / 4
=	0.2385					/	3.157	*	365 / 4
=	6.89

SATO Technologies Days Payable Related Terms

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SATO Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SATO Technologies Corp (TSXV:SATO) » Definitions » Days Payable

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CCPUF:USA

Address

66 Wellington Street West, Suite 5300, Toronto, ON, CAN, M5K 1E6

Website

https://www.bysato.com

SATO Technologies Corp is engaged in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and others. The Group receives digital assets in return for successful service and is primarily engaged in the cryptocurrency mining industry. There is only one operating segment being provider of compute power for Bitcoin Mining.