N-able (N-able) Days Payable : 22.90 (As of Dec. 2023)

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What is N-able Days Payable?

N-able's average Accounts Payable for the three months ended in Dec. 2023 was $4.4 Mil. N-able's Cost of Goods Sold for the three months ended in Dec. 2023 was $17.6 Mil. Hence, N-able's Days Payable for the three months ended in Dec. 2023 was 22.90.

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

NABL' s Days Payable Range Over the Past 10 Years
Min: 12.54 Med: 23.5 Max: 39.7
Current: 22.61

During the past 6 years, N-able's highest Days Payable was 39.70. The lowest was 12.54. And the median was 23.50.

NABL's Days Payable is ranked worse than
76.26% of 2523 companies
in the Software industry
Industry Median: 51.26 vs NABL: 22.61

N-able's Days Payable increased from Dec. 2022 (19.19) to Dec. 2023 (22.90). It may suggest that N-able delayed paying its suppliers.

N-able Days Payable Historical Data

The historical data trend for N-able'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.

N-able Days Payable Chart

N-able Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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12.54

21.70

39.70

29.30

23.50

N-able Quarterly Data
	Dec18	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													19.19	18.82	23.43	24.20	22.90

Competitive Comparison of N-able's Days Payable

For the Information Technology Services subindustry, N-able'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.

N-able's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where N-able's Days Payable falls into.

N-able 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.

N-able'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
=	( (3.544	+	5.239)	/	2 )	/	68.208	*	365
=	4.3915					/	68.208	*	365
=	23.50

N-able'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
=	( (3.606	+	5.239)	/	2 )	/	17.621	*	365 / 4
=	4.4225					/	17.621	*	365 / 4
=	22.90

N-able Days Payable Related Terms

Thank you for viewing the detailed overview of N-able's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

N-able (N-able) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » N-able Inc (NYSE:NABL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Corporate Drive, Suite 400, Burlington, MA, USA, 01803

Website

https://www.n-able.com

N-able Inc is a provider of cloud-based software solutions for managed service providers (MSPs), enabling them to support digital transformation and growth for small and medium-sized enterprises. With a flexible technology platform and powerful integrations, N-able makes it easy for MSPs to monitor, manage, and protect their end-customer systems, data, and networks. The company's growing portfolio of management, security, automation, and data protection solutions is built for IT services management professionals. Geographically, the majority of revenue is from the United States. it also has a presence in the United Kingdom and all other International regions.

Executives

Peter C Anastos	officer: EVP, General Cnsl, Secretary	N-ABLE, INC., 301 EDGEWATER DRIVE, SUITE 306, WAKEFIELD MA 01880
John Pagliuca	director, officer: President and CEO	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Tim James O'brien	officer: EVP, Chief Financial Officer	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Frank Colletti	officer: Exec VP, Worldwide Sales	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Ann Johnson	director	C/O N-ABLE, INC., 301 EDGEWATER DRIVE #305, WAKEFIELD MA 01880
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