Deveron (Deveron) Days Payable : 79.44 (As of Dec. 2023)

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What is Deveron Days Payable?

Deveron's average Accounts Payable for the three months ended in Dec. 2023 was $2.58 Mil. Deveron's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.96 Mil. Hence, Deveron's Days Payable for the three months ended in Dec. 2023 was 79.44.

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

DVRNF' s Days Payable Range Over the Past 10 Years
Min: 64.08 Med: 109.84 Max: 185.1
Current: 86.93

During the past 13 years, Deveron's highest Days Payable was 185.10. The lowest was 64.08. And the median was 109.84.

DVRNF's Days Payable is ranked better than
64.94% of 2536 companies
in the Software industry
Industry Median: 50.42 vs DVRNF: 86.93

Deveron's Days Payable increased from Dec. 2022 (55.80) to Dec. 2023 (79.44). It may suggest that Deveron delayed paying its suppliers.

Deveron Days Payable Historical Data

The historical data trend for Deveron'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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Deveron Days Payable Chart

Deveron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Jun23

Days Payable

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120.34

182.50

80.66

65.23

71.13

Deveron Quarterly Data
	Mar19	Jun19	Sep19	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															55.80	76.64	85.91	94.58	79.44

Competitive Comparison of Deveron's Days Payable

For the Information Technology Services subindustry, Deveron'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.

Deveron's Days Payable Distribution in the Software Industry

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

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

Deveron 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.

Deveron's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.637	+	0)	/	1 )	/	8.4	*	365
=	1.637					/	8.4	*	365
=	71.13

Deveron'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
=	( (2.122	+	3.035)	/	2 )	/	2.962	*	365 / 4
=	2.5785					/	2.962	*	365 / 4
=	79.44

Deveron Days Payable Related Terms

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Deveron (Deveron) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Deveron Corp (OTCPK:DVRNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1LSA:Germany FARM:Canada

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.deveron.com

Deveron Corp is an agriculture technology company that uses data and insights to help farmers and agriculture enterprises increase yields, reduce costs, and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive the unbiased interpretation of production decisions, ultimately recommending optimizing input use. Additionally, the Company provides scalable data acquisition solutions in the imagery and soil space with the help of soil sampling technicians and drone pilots.