Freight Technologies (Freight Technologies) Days Payable : 37.99 (As of Dec. 2023)

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What is Freight Technologies Days Payable?

Freight Technologies's average Accounts Payable for the six months ended in Dec. 2023 was $1.83 Mil. Freight Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was $8.77 Mil. Hence, Freight Technologies's Days Payable for the six months ended in Dec. 2023 was 37.99.

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

FRGT' s Days Payable Range Over the Past 10 Years
Min: 32.7 Med: 46.72 Max: 55.43
Current: 43.62

During the past 6 years, Freight Technologies's highest Days Payable was 55.43. The lowest was 32.70. And the median was 46.72.

FRGT's Days Payable is ranked worse than
54.3% of 2536 companies
in the Software industry
Industry Median: 50.1 vs FRGT: 43.62

Freight Technologies's Days Payable declined from Dec. 2022 (44.42) to Dec. 2023 (37.99). It may suggest that Freight Technologies accelerated paying its suppliers.

Freight Technologies Days Payable Historical Data

The historical data trend for Freight Technologies'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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Freight Technologies Days Payable Chart

Freight Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.43

54.48

37.17

32.70

44.81

Freight Technologies Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					44.75	37.71	44.42	49.42	37.99

Competitive Comparison of Freight Technologies's Days Payable

For the Software - Application subindustry, Freight Technologies'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.

Freight Technologies's Days Payable Distribution in the Software Industry

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

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

Freight Technologies 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.

Freight Technologies'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
=	( (1.981	+	1.876)	/	2 )	/	15.71	*	365
=	1.9285					/	15.71	*	365
=	44.81

Freight Technologies'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.776	+	1.876)	/	2 )	/	8.773	*	365 / 2
=	1.826					/	8.773	*	365 / 2
=	37.99

Freight Technologies Days Payable Related Terms

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Freight Technologies (Freight Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Freight Technologies Inc (NAS:FRGT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 Timberloch Place, Suite 500, The Woodlands, TX, USA, 77380

Website

https://www.fr8technologies.com

Freight Technologies Inc is a technology company developing solutions to optimize and automate the supply chain process. Along with its subsidiary, Freight App, Inc, the group is focused on making shipping transparent and efficient. Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility, and simplicity for the once-complex process of international over-the-road (OTR) shipping. It uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions.