VerifyMe (VerifyMe) Days Payable : 58.99 (As of Mar. 2024)

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What is VerifyMe Days Payable?

VerifyMe's average Accounts Payable for the three months ended in Mar. 2024 was $2.26 Mil. VerifyMe's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.50 Mil. Hence, VerifyMe's Days Payable for the three months ended in Mar. 2024 was 58.99.

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

VRME' s Days Payable Range Over the Past 10 Years
Min: 41.31 Med: 3378.28 Max: 29301.08
Current: 41.31

During the past 13 years, VerifyMe's highest Days Payable was 29301.08. The lowest was 41.31. And the median was 3378.28.

VRME's Days Payable is ranked worse than
56.39% of 924 companies
in the Business Services industry
Industry Median: 47.92 vs VRME: 41.31

VerifyMe's Days Payable declined from Mar. 2023 (60.50) to Mar. 2024 (58.99). It may suggest that VerifyMe accelerated paying its suppliers.

VerifyMe Days Payable Historical Data

The historical data trend for VerifyMe'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.

* Premium members only.

VerifyMe Days Payable Chart

VerifyMe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3,378.28

2,369.56

493.02

59.30

80.81

VerifyMe 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															60.50	38.65	39.91	39.33	58.99

Competitive Comparison of VerifyMe's Days Payable

For the Security & Protection Services subindustry, VerifyMe'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.

VerifyMe's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, VerifyMe's Days Payable distribution charts can be found below:

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

VerifyMe 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.

VerifyMe'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
=	( (3.912	+	3.31)	/	2 )	/	16.31	*	365
=	3.611					/	16.31	*	365
=	80.81

VerifyMe'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
=	( (3.31	+	1.214)	/	2 )	/	3.499	*	365 / 4
=	2.262					/	3.499	*	365 / 4
=	58.99

VerifyMe Days Payable Related Terms

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VerifyMe (VerifyMe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » VerifyMe Inc (NAS:VRME) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LT1B:Germany LT1B:Germany

Address

801 International Parkway, Fifth Floor, Lake Mary, FL, USA, 32746

Website

https://www.verifyme.com

VerifyMe Inc is a technology solutions company based in the United States. It markets a broad patent portfolio that includes patents in the field of authenticating products, people, and financial transactions. In the areas of authentication and serialization of physical goods, the company offers clients the following products as anti-counterfeit systems: RainbowSecure, VeriPAS supply chain serialization, track, and trace technology; VeriPAS Smartphone Authenticator; VerifyMe Beeper; VerifyMe Web. The company serves a diverse set of markets including pharmaceutical companies, high-end retailers, the gaming industry, and governments worldwide.

Executives

Adam H Stedham	director	GP STRATEGIES CORPORATION, 11000 BROKEN LAND PARKWAY, SUITE 200, COLUMBIA MD 21044
Marshall S Geller	director	10866 WILSHIRE BLVD., SUITE 1450, LOS ANGELES CA 90024
Scott N Greenberg	director	9 WEST 57 STREET, SUITE 4170, NEW YORK NY 10019
Paul Joseph Ryan	officer: EVP, Authentication	C/O VERIFYME, INC., 801 INTERNATIONAL PARKWAY, FIFTH FLOOR, LAKE MARY FL 32746
David Bruce Edmonds	director	C/O VERIFYME, INC., 801 INTERNATIONAL PARKWAY, FIFTH FLOOR, LAKE MARY FL 32746
Howard Goldberg	director
Curt Harris Kole	officer: EVP-Sales, PeriShip Global LLC	C/O VERIFYME, INC., 75 S. CLINTON AVE, SUITE 510, ROCHESTER NY 14604
Jack Wang	officer: CIO, PeriShip Global LLC	C/O VERIFYME, INC., 75 S. CLINTON AVE, SUITE 510, ROCHESTER NY 14604
Fred Iii Volk	officer: VP-Ops, PeriShip Global LLC	C/O VERIFYME, INC., 75 S. CLINTON AVE, SUITE 510, ROCHESTER NY 14604
Nancy L. Meyers	officer: Senior VP, Finance & IR	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
Margaret Gezerlis	officer: Chief Financial Officer	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
Keith Goldstein	officer: Acting Chief Operating Officer	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
Arthur B Laffer	director	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Christopher P Gardner	director	C/O VERIFYME, INC., 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604
Sandy Fliderman	officer: Chief Technology Officer	3330 NORTHEAST 190TH STREET, APT 1815, AVENTURA FL 33180