Alkami Technology (Alkami Technology) Days Payable : 19.92 (As of Mar. 2024)

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What is Alkami Technology Days Payable?

Alkami Technology's average Accounts Payable for the three months ended in Mar. 2024 was $7.0 Mil. Alkami Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was $32.1 Mil. Hence, Alkami Technology's Days Payable for the three months ended in Mar. 2024 was 19.92.

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

ALKT' s Days Payable Range Over the Past 10 Years
Min: 2.46 Med: 10.7 Max: 17.79
Current: 13.97

During the past 5 years, Alkami Technology's highest Days Payable was 17.79. The lowest was 2.46. And the median was 10.70.

ALKT's Days Payable is ranked worse than
87.29% of 2526 companies
in the Software industry
Industry Median: 50.42 vs ALKT: 13.97

Alkami Technology's Days Payable increased from Mar. 2023 (12.21) to Mar. 2024 (19.92). It may suggest that Alkami Technology delayed paying its suppliers.

Alkami Technology Days Payable Historical Data

The historical data trend for Alkami Technology'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.

Alkami Technology Days Payable Chart

Alkami Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

3.00

2.46

10.70

15.10

17.79

Alkami Technology Quarterly Data
	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													12.21	6.34	9.87	19.13	19.92

Competitive Comparison of Alkami Technology's Days Payable

For the Software - Application subindustry, Alkami Technology'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.

Alkami Technology's Days Payable Distribution in the Software Industry

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

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

Alkami Technology 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.

Alkami Technology'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
=	( (4.291	+	7.478)	/	2 )	/	120.72	*	365
=	5.8845					/	120.72	*	365
=	17.79

Alkami Technology'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
=	( (7.478	+	6.533)	/	2 )	/	32.095	*	365 / 4
=	7.0055					/	32.095	*	365 / 4
=	19.92

Alkami Technology Days Payable Related Terms

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Alkami Technology (Alkami Technology) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ALKT:Mexico

Address

5601 Granite Parkway, Suite 120, Plano, TX, USA, 75024

Website

https://www.alkami.com

Alkami is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.

Executives

W Bryan Hill	officer: Chief Financial Officer
Douglas A. Linebarger	officer: Chief Legal Officer	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Stephen Bohanon	officer: Chf. Strategist & Sales Offr.	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Maria Ines Alvarez	director	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Michael D Hansen	director, officer: Chief Executive Officer
Kristy Ramundi	officer: Chief Accounting Officer	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Alex Shootman	director, officer: Chief Executive Officer	1301 S. MOPAC EXPRESSWAY, SUITE 100, AUSTIN TX 78746
Barbara A. Yastine	director	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Raphael Osnoss	director	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
Gary Lynn Nelson	director	C/O ALKAMI TECHNOLOGY, INC., 5601 GRANITE PARKWAY, SUITE 120, PLANO TX 75024
H Eugene Lockhart	director	OAK HILL FARM, P.O. BOX 489, 4125 LOUISA ROAD, KESWICK VA 22947
Charles Kane	director	289 TURNPIKE RD, WESTBORO MA 01581
Christopher Todd Clark	director	3250 BRIAR PARK, SUITE 400, HOUSTON TX 77042
Merline Saintil	director	10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Steven R Mitchell	director	C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532