Ixia (XXIA) Days Payable : 35.61 (As of Dec. 2016)

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What is Ixia Days Payable?

Ixia's average Accounts Payable for the three months ended in Dec. 2016 was $10.7 Mil. Ixia's Cost of Goods Sold for the three months ended in Dec. 2016 was $27.3 Mil. Hence, Ixia's Days Payable for the three months ended in Dec. 2016 was 35.61.

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

XXIA's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.7
* Ranked among companies with meaningful Days Payable only.

Ixia's Days Payable declined from Dec. 2015 (42.92) to Dec. 2016 (35.61). It may suggest that Ixia accelerated paying its suppliers.

Ixia Days Payable Historical Data

The historical data trend for Ixia'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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Ixia Days Payable Chart

Ixia Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Payable

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38.03

55.15

57.00

51.69

44.14

Ixia Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Days Payable	Get a 7-Day Free Trial															42.92	45.32	40.33	38.83	35.61

Competitive Comparison of Ixia's Days Payable

For the Information Technology Services subindustry, Ixia'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.

Ixia's Days Payable Distribution in the Software Industry

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

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

Ixia 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.

Ixia's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

	Days Payable (A: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2015 )	+	Accounts Payable (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (15.346	+	9.705)	/	2 )	/	103.569	*	365
=	12.5255					/	103.569	*	365
=	44.14

Ixia's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

	Days Payable (Q: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2016 )	+	Accounts Payable (Q: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
=	( (11.635	+	9.705)	/	2 )	/	27.339	*	365 / 4
=	10.67					/	27.339	*	365 / 4
=	35.61

Ixia Days Payable Related Terms

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Ixia (XXIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ixia (NAS:XXIA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ixiacom.com

Ixia was founded in 1997 and is headquartered in Calabasas, California. The Company provides application performance and security resilience network test and network visibility solutions that validate, secure, and optimize businesses' physical and virtual networks. The Company has operations in EMEA and Asia Pacific region. It offers an always-on user experience through fast, secure delivery of dynamic, connected technologies and services. The Company uses direct sales force to market and sell its products and solutions and has number of ongoing programs to support the sale and distribution of products and solutions and to inform existing and potential customers, partners and distributors about the capabilities and benefits of systems. The Company serves network equipment manufacturers, service providers, enterprises and government agencies. The Company competes with network test and monitoring solution vendors such as Spirent Communications, Gigamon, Danaher, Aeroflex, JDS Uniphase, and NetScout.

Executives

Bethany Mayer	director, officer: President and CEO	C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Gail Hamilton	director	20330 STEVENS CREEK BLVD., CUPERTINO CA 95014
Ilan Daskal	director	1000 ALFRED NOBEL DRIVE, HERCULES CA 94547
Brent T Novak	officer: Chief Financial Officer	C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Jonathan Fram	director	NONE, SEATTLE WA 98101
Graaf Raymond De	officer: Sr. Vice President, Operations	C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302
Thomas B Miller	officer: Chief Financial Officer	C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302
Pictet Overseas Trust Corp Ltd	10 percent owner	BAYSIDE EXECUTIVE PARK, BUILDING NO. 1, WEST BAY STREET AND BLAKE ROAD, NASSAU C5 0000000000
Atul Bhatnagar	director, officer: President and CEO	C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302