Avid Technology (Avid Technology) Days Payable : 125.86 (As of Sep. 2023)

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What is Avid Technology Days Payable?

Avid Technology's average Accounts Payable for the three months ended in Sep. 2023 was $45.7 Mil. Avid Technology's Cost of Goods Sold for the three months ended in Sep. 2023 was $33.1 Mil. Hence, Avid Technology's Days Payable for the three months ended in Sep. 2023 was 125.86.

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

AVID' s Days Payable Range Over the Past 10 Years
Min: 56.58 Med: 72.63 Max: 106.38
Current: 106.38

During the past 13 years, Avid Technology's highest Days Payable was 106.38. The lowest was 56.58. And the median was 72.63.

AVID's Days Payable is not ranked
in the Software industry.
Industry Median: 50.42 vs AVID: 106.38

Avid Technology's Days Payable increased from Sep. 2022 (93.16) to Sep. 2023 (125.86). It may suggest that Avid Technology delayed paying its suppliers.

Avid Technology Days Payable Historical Data

The historical data trend for Avid 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.

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Avid Technology Days Payable Chart

Avid Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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72.74

88.75

85.23

61.63

92.87

Avid Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															93.16	88.69	122.95	110.15	125.86

Competitive Comparison of Avid Technology's Days Payable

For the Software - Application subindustry, Avid 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.

Avid Technology's Days Payable Distribution in the Software Industry

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

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

Avid 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.

Avid Technology's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (26.854	+	45.904)	/	2 )	/	142.975	*	365
=	36.379					/	142.975	*	365
=	92.87

Avid Technology's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (51.79	+	39.528)	/	2 )	/	33.104	*	365 / 4
=	45.659					/	33.104	*	365 / 4
=	125.86

Avid Technology Days Payable Related Terms

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Avid Technology (Avid Technology) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Blue Sky Drive, Burlington, MA, USA, 01803

Website

https://www.avid.com

Avid Technology Inc develops and sells software and hardware for digital media production and management. Its products are used in production, film studios, cable television stations, recording studios, and other agencies. The company has operations in the U.S.; the Americas; Europe, Middle East, and Africa; and Asia-Pacific. Most of its revenue is split fairly evenly between the U.S. and EMEA. The company's products are organized into suites, including Artist Suite, which includes video editing and digital audio workstations; Media Suite, which provides newsroom management solutions; Studio Suite, which provides tools for on-air programming; and Storage Suite, which provides products for digital storage. It derives most of the revenue from video and audio products and services.

Executives

Kenneth L Gayron	officer: EVP & Chief Financial Officer	75 NETWORK DRIVE, BURLINGTON MA 34212
Timothy Claman	officer: SVP & GM Video Post & Storage	75 NETWORK DRIVE, BURLINGTON MA 01803
Cordiner Tom J. A.	officer: SVP of Global Sales	PINEWOOD ROAD, IVER HEATH, BUCKINGHAMSHIRE, ENGLAND X0 01803
David Toomey	officer: SVP & GM Audio and Music	75 NETWORK DRIVE, BURLINGTON MA 01830
Mariesa Victoria	officer: VP & Chief Accounting Officer	75 NETWORK DRIVE, BURLINGTON MA 01803
Christian Asmar	director	152 WEST 57TH STREET, 17TH FLOOR, NEW YORK CITY NY 10019
Dana Ruzicka	officer: VP, Chief Product Officer	75 NETWORK DRIVE, BURLINGTON MA 01803
Nancy Hawthorne	director	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Robert M Bakish	director	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Lior Netzer	officer: SVP & GM, Media & Cloud	75 NETWORK DRIVE, BURLINGTON MA 01803
Kevin W. Riley	officer: Chief Technology Officer	75 NETWORK DRIVE, BURLINGTON MA 01803
Garrard Brown	officer: Chief Accounting Officer, other: Principal Accounting Officer	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Jason A Duva	officer: Senior VP & General Counsel, other: Corporate Secretary	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Lauren Taylor Wolfe	10 percent owner	3100 CUMBERLAND BOULEVARD, SUITE 1700, ATLANTA GA 30339
Impactive Capital Llc	10 percent owner	152 WEST 57TH, 17TH FLOOR, NEW YORK CITY NY 10019