Totvs (TTVSY) Days Payable : 41.13 (As of Sep. 2024)

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What is Totvs Days Payable?

Totvs's average Accounts Payable for the three months ended in Sep. 2024 was $33.5 Mil. Totvs's Cost of Goods Sold for the three months ended in Sep. 2024 was $74.2 Mil. Hence, Totvs's Days Payable for the three months ended in Sep. 2024 was 41.13.

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

TTVSY' s Days Payable Range Over the Past 10 Years
Min: 20.72 Med: 38.26 Max: 54.89
Current: 37.38

During the past 13 years, Totvs's highest Days Payable was 54.89. The lowest was 20.72. And the median was 38.26.

TTVSY's Days Payable is ranked worse than
58.99% of 2536 companies
in the Software industry
Industry Median: 49.025 vs TTVSY: 37.38

Totvs's Days Payable declined from Sep. 2023 (45.53) to Sep. 2024 (41.13). It may suggest that Totvs accelerated paying its suppliers.

Totvs Days Payable Historical Data

The historical data trend for Totvs'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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Totvs Days Payable Chart

Totvs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.20

38.67

44.04

37.14

36.93

Totvs 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															45.53	31.89	39.48	42.47	41.13

Competitive Comparison of Totvs's Days Payable

For the Software - Application subindustry, Totvs'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.

Totvs's Days Payable Distribution in the Software Industry

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

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

Totvs 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.

Totvs'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
=	( (24.526	+	31.688)	/	2 )	/	277.773	*	365
=	28.107					/	277.773	*	365
=	36.93

Totvs'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
=	( (36.133	+	30.778)	/	2 )	/	74.225	*	365 / 4
=	33.4555					/	74.225	*	365 / 4
=	41.13

Totvs Days Payable Related Terms

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Totvs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Totvs SA (OTCPK:TTVSY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TOTS3:Brazil

Address

Avenida Braz Leme, Sao Paulo, SP, BRA, 1000

Website

https://www.totvs.com

Totvs SA is a provider of information technology solutions to small and medium enterprises in the education, government, healthcare, and retail end markets. Its primary product offerings are enterprise resource planning applications with modules for management, finance, operations, human resources, and client services. The company's segment includes Management; Business Performance and Techfin. It generates maximum revenue from the Management segment.