Tier1 Technology (XMAD:TR1) Days Payable : 29.48 (As of Jun. 2024)

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What is Tier1 Technology Days Payable?

Tier1 Technology's average Accounts Payable for the six months ended in Jun. 2024 was €1.13 Mil. Tier1 Technology's Cost of Goods Sold for the six months ended in Jun. 2024 was €6.99 Mil. Hence, Tier1 Technology's Days Payable for the six months ended in Jun. 2024 was 29.48.

The historical rank and industry rank for Tier1 Technology's Days Payable or its related term are showing as below:

XMAD:TR1' s Days Payable Range Over the Past 10 Years
Min: 30.51 Med: 45.05 Max: 65.87
Current: 35.19

During the past 9 years, Tier1 Technology's highest Days Payable was 65.87. The lowest was 30.51. And the median was 45.05.

XMAD:TR1's Days Payable is ranked worse than
60.84% of 2523 companies
in the Software industry
Industry Median: 48.75 vs XMAD:TR1: 35.19

Tier1 Technology's Days Payable declined from Jun. 2023 (42.93) to Jun. 2024 (29.48). It may suggest that Tier1 Technology accelerated paying its suppliers.

Tier1 Technology Days Payable Historical Data

The historical data trend for Tier1 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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Tier1 Technology Days Payable Chart

Tier1 Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.07

30.51

40.84

46.10

32.07

Tier1 Technology Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial												43.38	34.90	42.93	36.21	29.48

Competitive Comparison of Tier1 Technology's Days Payable

For the Information Technology Services subindustry, Tier1 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.

Tier1 Technology's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Tier1 Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Tier1 Technology's Days Payable falls into.

Tier1 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.

Tier1 Technology'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
=	( (1.525	+	1.017)	/	2 )	/	14.465	*	365
=	1.271					/	14.465	*	365
=	32.07

Tier1 Technology's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1.017	+	1.241)	/	2 )	/	6.989	*	365 / 2
=	1.129					/	6.989	*	365 / 2
=	29.48

Tier1 Technology Days Payable Related Terms

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Tier1 Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tier1 Technology SA (XMAD:TR1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

V78:Germany

Address

C / Boabdil 6, Beds, Edificio Vega 7, Seville, ESP, 41900

Website

https://www.tier1.es

Tier1 Technology SA provides computer services. It is focused on the development of its software products. Tier1 builds IT solutions for business processes such as purchasing, sales, finance, logistics, asset management, and others.

Tier1 Technology Headlines

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