Dave (DAVE) Days Payable : 88.53 (As of Dec. 2023)

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What is Dave Days Payable?

Dave's average Accounts Payable for the three months ended in Dec. 2023 was $7.3 Mil. Dave's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.5 Mil. Hence, Dave's Days Payable for the three months ended in Dec. 2023 was 88.53.

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

DAVE' s Days Payable Range Over the Past 10 Years
Min: 91.09 Med: 139.75 Max: 167.54
Current: 91.09

During the past 5 years, Dave's highest Days Payable was 167.54. The lowest was 91.09. And the median was 139.75.

DAVE's Days Payable is ranked better than
66.63% of 2526 companies
in the Software industry
Industry Median: 50.42 vs DAVE: 91.09

Dave's Days Payable declined from Dec. 2022 (142.99) to Dec. 2023 (88.53). It may suggest that Dave accelerated paying its suppliers.

Dave Days Payable Historical Data

The historical data trend for Dave'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.

Dave Days Payable Chart

Dave Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

155.97

126.42

167.54

139.75

106.64

Dave Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											102.40	68.30	99.20	88.53	65.00

Competitive Comparison of Dave's Days Payable

For the Software - Application subindustry, Dave'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.

Dave's Days Payable Distribution in the Software Industry

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

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

Dave 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.

Dave'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
=	( (11.418	+	5.485)	/	2 )	/	28.926	*	365
=	8.4515					/	28.926	*	365
=	106.64

Dave'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
=	( (9.091	+	5.485)	/	2 )	/	7.512	*	365 / 4
=	7.288					/	7.512	*	365 / 4
=	88.53

Dave Days Payable Related Terms

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Dave (DAVE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1265 South Cochran Ave, Los Angeles, CA, USA, 90019

Website

https://www.dave.com

Dave Inc is engaged in offering banking app that offers its customers banking, financial insights, overdraft protection, building credit, and finding side gigs.

Executives

Kyle Beilman	officer: CFO and Secretay	C/O DAVE INC., 1265 SOUTH COCHRAN AVENUE, LOS ANGELES CA 90019
Jason Wilk	director, officer: Chief Executive Officer	C/O DAVE INC., 1265 SOUTH COCHRAN AVENUE, LOS ANGELES CA 90019
Section 32 Fund 1, Lp	10 percent owner	169 UNIVERSITY AVE., PALO ALTO CA 94301
Teresa Luna Aragones	director	C/O TILLY'S, INC., 10 WHATNEY, IRVINE CA 92618
Section 32 Gp 1, Llc	10 percent owner	169 UNIVERSITY AVE., PALO ALTO CA 94301
William J Maris	10 percent owner	2033 SAN ELIJO AVE., #565, CARDIFF-BY-THE-SEA CA 92007
Michael W Pope	director	601 BRANNAN STREET, SAN FRANCISCO CA 94107
Dan Preston	director	C/O METROMILE, INC., 425 MARKET STREET, SUITE 700, SAN FRANCISCO CA 94105
Andrea Mitchell	director	C/O DAVE INC., 1265 SOUTH COCHRAN AVENUE, LOS ANGELES CA 90019
Charles S Paul	director, 10 percent owner	C/O AMC ENTERTAINMENT INC, 920 MAIN ST, KANSAS CITY MO 64105
Peter Offenhauser	director	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Janet Kloppenburg	director	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Vpc Impact Acquisition Holdings Sponsor Iii, Llc	director, 10 percent owner, other: See Remarks	150 NORTH RIVERSIDE PLAZA, SUITE 5200, CHICAGO IL 60606
Carly Altieri	officer: Chief Financial Officer	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Brendan Carroll	director, officer: Co-Chief Executive Officer	C/O VICTORY PARK CAPITAL ADVISORS, LLC, 227 W. MONROE STREET, SUITE 3900, CHICAGO IL 60606