NetCents Technology (XCNQ:NC) Days Payable : 2,642.28 (As of Jul. 2020)

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What is NetCents Technology Days Payable?

NetCents Technology's average Accounts Payable for the three months ended in Jul. 2020 was C$0.67 Mil. NetCents Technology's Cost of Goods Sold for the three months ended in Jul. 2020 was C$0.02 Mil. Hence, NetCents Technology's Days Payable for the three months ended in Jul. 2020 was 2,642.28.

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

XCNQ:NC's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.36
* Ranked among companies with meaningful Days Payable only.

NetCents Technology's Days Payable declined from Jul. 2019 (5,772.90) to Jul. 2020 (2,642.28). It may suggest that NetCents Technology accelerated paying its suppliers.

NetCents Technology Days Payable Historical Data

The historical data trend for NetCents Technology'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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NetCents Technology Days Payable Chart

NetCents Technology Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Days Payable

17,467.86

30,311.59

13,511.08

NetCents Technology Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20
Days Payable	Get a 7-Day Free Trial															5,772.90	16,280.52	5,754.45	4,307.96	2,642.28

Competitive Comparison of NetCents Technology's Days Payable

For the Software - Infrastructure subindustry, NetCents Technology'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.

NetCents Technology's Days Payable Distribution in the Software Industry

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

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

NetCents Technology 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.

NetCents Technology's Days Payable for the fiscal year that ended in Oct. 2019 is calculated as

	Days Payable (A: Oct. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2018 )	+	Accounts Payable (A: Oct. 2019 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2019 )	*	Days in Period
=	( (1.079	+	1.142)	/	2 )	/	0.03	*	365
=	1.1105					/	0.03	*	365
=	13,511.08

NetCents Technology's Days Payable for the quarter that ended in Jul. 2020 is calculated as:

	Days Payable (Q: Jul. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2020 )	+	Accounts Payable (Q: Jul. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2020 )	*	Days in Period
=	( (0.918	+	0.414)	/	2 )	/	0.023	*	365 / 4
=	0.666					/	0.023	*	365 / 4
=	2,642.28

NetCents Technology Days Payable Related Terms

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NetCents Technology (XCNQ:NC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NetCents Technology Inc (XCNQ:NC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

350-375 Water Street, Vancouver, BC, CAN, V6B 5C6

Website

https://www.net-cents.com

NetCents Technology Inc is engaged in software development for the payment processing industry. It helps in KYC, AML, IP Verification, eWallets, Merchant Gateway, Blockchain and Cryptocurrency Technology, Risk and Fraud Reduction, and Instant Settlements.