Spetz (XCNQ:SPTZ) Days Payable : 604.23 (As of Mar. 2024)

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What is Spetz Days Payable?

Spetz's average Accounts Payable for the three months ended in Mar. 2024 was C$1.01 Mil. Spetz's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.15 Mil. Hence, Spetz's Days Payable for the three months ended in Mar. 2024 was 604.23.

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

XCNQ:SPTZ' s Days Payable Range Over the Past 10 Years
Min: 357.96 Med: 357.96 Max: 543.68
Current: 543.68

During the past 5 years, Spetz's highest Days Payable was 543.68. The lowest was 357.96. And the median was 357.96.

XCNQ:SPTZ's Days Payable is ranked better than
92.93% of 2531 companies
in the Software industry
Industry Median: 50.13 vs XCNQ:SPTZ: 543.68

Spetz's Days Payable increased from Mar. 2023 (383.08) to Mar. 2024 (604.23). It may suggest that Spetz delayed paying its suppliers.

Spetz Days Payable Historical Data

The historical data trend for Spetz'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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Spetz Days Payable Chart

Spetz Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Dec23

Days Payable

357.96

Spetz Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															383.08	394.31	561.61	753.00	604.23

Competitive Comparison of Spetz's Days Payable

For the Software - Application subindustry, Spetz'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.

Spetz's Days Payable Distribution in the Software Industry

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

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

Spetz 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.

Spetz'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: Jan. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.109	+	1.06)	/	2 )	/	0.596	*	365
=	0.5845					/	0.596	*	365
=	357.96

Spetz's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.06	+	0.953)	/	2 )	/	0.152	*	365 / 4
=	1.0065					/	0.152	*	365 / 4
=	604.23

Spetz Days Payable Related Terms

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Spetz (XCNQ:SPTZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

DBKSF:USA

Address

200 Cochrane Drive, Unit 1A, Markham, ON, CAN, L3R 8E7

Website

https://www.spetz.app

Spetz Inc is a technology company that primarily operates Spetz, a global online, AIpowered marketplace platform that dynamically connects consumers to nearby top-rated service providers in as little as 30 seconds. Spetz currently operates in the United States, United Kingdom, Australia and Israel. The Company has launched two Spetz applications for both sides of the market; one for consumers and one for service providers (collectively the Spetz App). The Spetz App is available for download on the iOS App Store and Google Play Store.

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