TrackX Holdings (TSXV:TKX.H) Days Payable : 423.14 (As of Jun. 2022)

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What is TrackX Holdings Days Payable?

TrackX Holdings's average Accounts Payable for the three months ended in Jun. 2022 was C$1.10 Mil. TrackX Holdings's Cost of Goods Sold for the three months ended in Jun. 2022 was C$0.24 Mil. Hence, TrackX Holdings's Days Payable for the three months ended in Jun. 2022 was 423.14.

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

TSXV:TKX.H's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 49.695
* Ranked among companies with meaningful Days Payable only.

TrackX Holdings's Days Payable increased from Jun. 2021 (94.93) to Jun. 2022 (423.14). It may suggest that TrackX Holdings delayed paying its suppliers.

TrackX Holdings Days Payable Historical Data

The historical data trend for TrackX Holdings'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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TrackX Holdings Days Payable Chart

TrackX Holdings Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Days Payable

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92.02

155.21

184.58

307.30

146.81

TrackX Holdings Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Days Payable	Get a 7-Day Free Trial															94.93	61.45	296.85	297.82	423.14

Competitive Comparison of TrackX Holdings's Days Payable

For the Software - Application subindustry, TrackX Holdings'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.

TrackX Holdings's Days Payable Distribution in the Software Industry

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

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

TrackX Holdings 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.

TrackX Holdings's Days Payable for the fiscal year that ended in Sep. 2021 is calculated as

	Days Payable (A: Sep. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2020 )	+	Accounts Payable (A: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2021 )	*	Days in Period
=	( (0.793	+	0.589)	/	2 )	/	1.718	*	365
=	0.691					/	1.718	*	365
=	146.81

TrackX Holdings's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

	Days Payable (Q: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (1.038	+	1.16)	/	2 )	/	0.237	*	365 / 4
=	1.099					/	0.237	*	365 / 4
=	423.14

TrackX Holdings Days Payable Related Terms

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TrackX Holdings (TSXV:TKX.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TrackX Holdings Inc (TSXV:TKX.H) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.trackx.com

TrackX Holdings Inc provides cloud-based, asset tracking solutions for supply chain and logistics-intensive businesses. Its platform combines support for multiple auto-identification (ID) technologies, workflow, event management, alert notifications, and analytics. The company solutions include high-value asset tracking, yard management, returnable asset management, manufacturing process tracking, and supply chain management, and mobile inventory management solutions. It delivers services to various industries, including transportation, government, healthcare, hi-tech, hospitality, mining, beverage, agriculture, and horticulture. Its operations are primarily conducted in the United States.

TrackX Holdings (TSXV:TKX.H) Headlines

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