SoundHound AI (SoundHound AI) Days Payable : 45.44 (As of Mar. 2024)

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What is SoundHound AI Days Payable?

SoundHound AI's average Accounts Payable for the three months ended in Mar. 2024 was $2.33 Mil. SoundHound AI's Cost of Goods Sold for the three months ended in Mar. 2024 was $4.67 Mil. Hence, SoundHound AI's Days Payable for the three months ended in Mar. 2024 was 45.44.

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

SOUN' s Days Payable Range Over the Past 10 Years
Min: 58.66 Med: 160.67 Max: 207.68
Current: 58.66

During the past 4 years, SoundHound AI's highest Days Payable was 207.68. The lowest was 58.66. And the median was 160.67.

SOUN's Days Payable is ranked better than
59.86% of 2526 companies
in the Software industry
Industry Median: 50.42 vs SOUN: 58.66

SoundHound AI's Days Payable declined from Mar. 2023 (123.30) to Mar. 2024 (45.44). It may suggest that SoundHound AI accelerated paying its suppliers.

SoundHound AI Days Payable Historical Data

The historical data trend for SoundHound AI'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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SoundHound AI Days Payable Chart

SoundHound AI Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

207.68

196.66

124.68

71.84

SoundHound AI Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								123.30	110.62	51.57	44.52	45.44

Competitive Comparison of SoundHound AI's Days Payable

For the Software - Application subindustry, SoundHound AI'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.

SoundHound AI's Days Payable Distribution in the Software Industry

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

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

SoundHound AI 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.

SoundHound AI'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
=	( (2.798	+	1.653)	/	2 )	/	11.307	*	365
=	2.2255					/	11.307	*	365
=	71.84

SoundHound AI'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
=	( (1.653	+	2.997)	/	2 )	/	4.669	*	365 / 4
=	2.325					/	4.669	*	365 / 4
=	45.44

SoundHound AI Days Payable Related Terms

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SoundHound AI (SoundHound AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SoundHound AI Inc (NAS:SOUN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5400 Betsy Ross Drive, Santa Clara, CA, USA, 95054

Website

https://www.soundhound.com

SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.

Executives

Timothy Stonehocker	officer: Chief Technology Officer	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Michael Zagorsek	officer: Chief Operating Officer	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Lawrence Marcus	director	2105 WOODSIDE RD., WOODSIDE CA 94062
Nitesh Sharan	officer: Chief Financial Officer	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Keyvan Mohajer	director, 10 percent owner, officer: CEO	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Majid Emami	10 percent owner, officer: VP, Engineering	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
James Ming Hom	director, officer: VP, Products	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Diana Sroka	director	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Eric R. Ball	director	C/O GLU MOBILE INC., 45 FREMONT STREET, SUITE 2800, SAN FRANCISCO CA 94105
Global Catalyst Partners Iii L P	10 percent owner	6239 MOJAVE DRIVE, SAN JOSE CA 95120
Zubin Irani	officer: Chief Revenue Officer	5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Global Catalyst Venture Management Iii, Llc	10 percent owner	6239 MOJAVE DRIVE, SAN JOSE CA 95120
Stephen N Cannon	director, 10 percent owner, officer: Chief Executive Officer	13/F TOWER 2, NEW WORLD TOWER, 18 QUEENS ROAD CENTRAL, HONG KONG K3 K3 00000
Bryant B Edwards	director	25/28 OLD BURLINGTON STREET, LONDON X0 W1S 3AN
Daniel L Sheehan	officer: Chief Operating Officer	38 KEYES AVENUE SUITE 204, SAN FRANCISCO CA 94129