Matrix IT (XTAE:MTRX) Days Payable : 58.60 (As of Dec. 2023)

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What is Matrix IT Days Payable?

Matrix IT's average Accounts Payable for the three months ended in Dec. 2023 was ₪718 Mil. Matrix IT's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪1,117 Mil. Hence, Matrix IT's Days Payable for the three months ended in Dec. 2023 was 58.60.

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

XTAE:MTRX' s Days Payable Range Over the Past 10 Years
Min: 37.23 Med: 44.07 Max: 57.4
Current: 52.39

During the past 13 years, Matrix IT's highest Days Payable was 57.40. The lowest was 37.23. And the median was 44.07.

XTAE:MTRX's Days Payable is ranked better than
50.95% of 2526 companies
in the Software industry
Industry Median: 50.42 vs XTAE:MTRX: 52.39

Matrix IT's Days Payable increased from Dec. 2022 (50.24) to Dec. 2023 (58.60). It may suggest that Matrix IT delayed paying its suppliers.

Matrix IT Days Payable Historical Data

The historical data trend for Matrix IT'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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Matrix IT Days Payable Chart

Matrix IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.74

44.83

47.00

52.68

57.40

Matrix IT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															50.24	48.73	47.66	49.52	58.60

Competitive Comparison of Matrix IT's Days Payable

For the Software - Application subindustry, Matrix IT'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.

Matrix IT's Days Payable Distribution in the Software Industry

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

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

Matrix IT 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.

Matrix IT'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
=	( (620.609	+	784.599)	/	2 )	/	4467.925	*	365
=	702.604					/	4467.925	*	365
=	57.40

Matrix IT's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (650.477	+	784.599)	/	2 )	/	1117.274	*	365 / 4
=	717.538					/	1117.274	*	365 / 4
=	58.60

Matrix IT Days Payable Related Terms

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Matrix IT (XTAE:MTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Matrix IT Ltd (XTAE:MTRX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Abba Eban Boulevard, Herzlia Pituach, ISR, 4612001

Website

http://www.matrix.co.il

Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.