Backblaze (Backblaze) Days Payable

: 14.26 (As of Dec. 2023)

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Backblaze's average Accounts Payable for the three months ended in Dec. 2023 was $2.1 Mil. Backblaze's Cost of Goods Sold for the three months ended in Dec. 2023 was $13.7 Mil. Hence, Backblaze's Days Payable for the three months ended in Dec. 2023 was 14.26.

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

BLZE' s Days Payable Range Over the Past 10 Years
Min: 18.69 Med: 23.08 Max: 28.16
Current: 18.69

During the past 5 years, Backblaze's highest Days Payable was 28.16. The lowest was 18.69. And the median was 23.08.

BLZE's Days Payable is ranked worse than
81.36% of 2522 companies
in the Software industry
Industry Median: 51.51 vs BLZE: 18.69

Backblaze's Days Payable declined from Dec. 2022 (24.40) to Dec. 2023 (14.26). It may suggest that Backblaze accelerated paying its suppliers.

Backblaze Days Payable Historical Data

The historical data trend for Backblaze'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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Backblaze Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

28.16

23.08

20.85

23.68

19.47

Backblaze Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											24.40	24.36	21.13	14.96	14.26

Competitive Comparison

For the Software - Infrastructure subindustry, Backblaze'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.

Backblaze Days Payable Distribution

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

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

Backblaze 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.

Backblaze'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
=	( (3.283	+	2.281)	/	2 )	/	52.162	*	365
=	2.782					/	52.162	*	365
=	19.47

Backblaze'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
=	( (1.985	+	2.281)	/	2 )	/	13.653	*	365 / 4
=	2.133					/	13.653	*	365 / 4
=	14.26

Backblaze Days Payable Related Terms

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Backblaze (Backblaze) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Backblaze Inc (NAS:BLZE) » Definitions » Days Payable

Comparable Companies

REKR TCX EGIO TLS ARBE ARAT MLGO LSAK AEVA RXT MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

N/A

Address

500 Ben Franklin Ct, San Mateo, CA, USA, 94401

Website

https://www.backblaze.com

Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States.

Executives

Tina Cessna	officer: Senior VP, Engineering	500 BEN FRANKLIN CT., SAN MATEO CA 94401
Francis P Patchel	officer: Chief Financial Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Investments Plc Tmt	10 percent owner	13 CASTLE STREET, ST. HELIER Y9 JE1 1ES
Gleb Budman	director, 10 percent owner, officer: See Remarks	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Timothy M Nufire	director, 10 percent owner, officer: Chief Cloud Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Brian K Wilson	director, 10 percent owner, officer: Chief Technology Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Charles J. Jones	10 percent owner	500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Kwok Hang Ng	10 percent owner	500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Clal Insurance Enterprises Holdings Ltd	10 percent owner	36 RAUL WALENBERG ST, TEL-AVIV L3 6136902
Whetstone Capital Advisors, Llc	10 percent owner	2001 SHAWNEE MISSION PARKWAY, SHAWNEE MISSION KS 66205
Jocelyn Carter-miller	director	3698 NW 15TH STREET, LAUDERHILL FL 33311
An Evelyn D	director	1301 NE 103RD STREET, MIAMI SHORES FL 33138
Earl E Fry	director	C/O INFORMATICA CORPORATION, 2100 SEAPORT BLVD., REDWOOD CITY CA 94063
Barbara H Nelson	director	C/O QUANTUM CORP, 501 SYCAORE DR, MILPITAS CA 95035