Turnium Technology Group (TSXV:TTGI) Days Payable : 392.56 (As of Dec. 2023)

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What is Turnium Technology Group Days Payable?

Turnium Technology Group's average Accounts Payable for the three months ended in Dec. 2023 was C$1.70 Mil. Turnium Technology Group's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.39 Mil. Hence, Turnium Technology Group's Days Payable for the three months ended in Dec. 2023 was 392.56.

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

TSXV:TTGI' s Days Payable Range Over the Past 10 Years
Min: 297.66 Med: 406.72 Max: 1386.37
Current: 401.32

During the past 4 years, Turnium Technology Group's highest Days Payable was 1386.37. The lowest was 297.66. And the median was 406.72.

TSXV:TTGI's Days Payable is ranked better than
91.6% of 2536 companies
in the Software industry
Industry Median: 50.1 vs TSXV:TTGI: 401.32

Turnium Technology Group's Days Payable increased from Dec. 2022 (369.84) to Dec. 2023 (392.56). It may suggest that Turnium Technology Group delayed paying its suppliers.

Turnium Technology Group Days Payable Historical Data

The historical data trend for Turnium Technology Group'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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Turnium Technology Group Days Payable Chart

Turnium Technology Group Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Days Payable

1,386.37

469.97

297.66

343.46

Turnium Technology Group Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								369.84	549.49	327.86	432.43	392.56

Competitive Comparison of Turnium Technology Group's Days Payable

For the Software - Infrastructure subindustry, Turnium Technology Group'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.

Turnium Technology Group's Days Payable Distribution in the Software Industry

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

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

Turnium Technology Group 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.

Turnium Technology Group's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (1.396	+	1.634)	/	2 )	/	1.61	*	365
=	1.515					/	1.61	*	365
=	343.46

Turnium Technology Group'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
=	( (1.634	+	1.756)	/	2 )	/	0.394	*	365 / 4
=	1.695					/	0.394	*	365 / 4
=	392.56

Turnium Technology Group Days Payable Related Terms

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Turnium Technology Group (TSXV:TTGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Turnium Technology Group Inc (TSXV:TTGI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

E48:Germany

Address

3355 Grandview Hwy, Vancouver, BC, CAN, V5M 1Z5

Website

https://www.turnium.com

Turnium Technology Group Inc invests in companies that are creating software-defined networks for service providers, enterprises, and small-medium business. The company deliver its software-defined wide area networking solution as a white label, containerized, disaggregated software platform that channel partners host, manage, brand, and price and as a managed cloud-native service.

Executives

Ralph Garcea

Director

Turnium Technology Group (TSXV:TTGI) Headlines

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