GFT Technologies SE (XTER:GFT) Days Payable : 6.64 (As of Mar. 2024)

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What is GFT Technologies SE Days Payable?

GFT Technologies SE's average Accounts Payable for the three months ended in Mar. 2024 was €12.9 Mil. GFT Technologies SE's Cost of Goods Sold for the three months ended in Mar. 2024 was €177.8 Mil. Hence, GFT Technologies SE's Days Payable for the three months ended in Mar. 2024 was 6.64.

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

XTER:GFT' s Days Payable Range Over the Past 10 Years
Min: 6.14 Med: 12.83 Max: 37.01
Current: 6.14

During the past 13 years, GFT Technologies SE's highest Days Payable was 37.01. The lowest was 6.14. And the median was 12.83.

XTER:GFT's Days Payable is ranked worse than
94.79% of 2536 companies
in the Software industry
Industry Median: 50.01 vs XTER:GFT: 6.14

GFT Technologies SE's Days Payable increased from Mar. 2023 (6.28) to Mar. 2024 (6.64). It may suggest that GFT Technologies SE delayed paying its suppliers.

GFT Technologies SE Days Payable Historical Data

The historical data trend for GFT Technologies SE'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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GFT Technologies SE Days Payable Chart

GFT Technologies SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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11.80

9.43

8.39

7.21

7.01

GFT Technologies SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															6.28	5.95	6.19	6.17	6.64

Competitive Comparison of GFT Technologies SE's Days Payable

For the Information Technology Services subindustry, GFT Technologies SE'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.

GFT Technologies SE's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where GFT Technologies SE's Days Payable falls into.

GFT Technologies SE 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.

GFT Technologies SE'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
=	( (11.799	+	13.571)	/	2 )	/	660.64	*	365
=	12.685					/	660.64	*	365
=	7.01

GFT Technologies SE'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
=	( (13.571	+	12.28)	/	2 )	/	177.753	*	365 / 4
=	12.9255					/	177.753	*	365 / 4
=	6.64

GFT Technologies SE Days Payable Related Terms

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GFT Technologies SE (XTER:GFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GFT Technologies SE (XTER:GFT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GFT:Austria

Address

Schelmenwasenstrasse 34, Stuttgart, BW, DEU, 70567

Website

https://www.gft.com/int/en

GFT Technologies SE is engaged in shaping the digital transformation of companies in the financial and insurance sectors, as well as in the manufacturing industry. As an IT service provider and developer of digital solutions, It offers consulting, development, and implementation skills across all aspects of pioneering technologies from cloud engineering to artificial intelligence and blockchain/DLT. The company has two operating segments; The Americas, UK & APAC comprises operating companies in the following countries: Brazil Costa Rica, Singapore, Hong Kong, the United Kingdom, the United States of America, Canada, Vietnam, and Mexico, and Continental Europe comprises operating companies in the following countries: Belgium, Poland, Germany, Switzerland, France, Spain, and Italy.

Executives

Dr. Jochen Ruetz

Managing Director (CFO) and Member of the Administrative Board

GFT Technologies SE (XTER:GFT) Headlines

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