Sylogist (Sylogist) Days Payable : 31.62 (As of Mar. 2024)

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What is Sylogist Days Payable?

Sylogist's average Accounts Payable for the three months ended in Mar. 2024 was $1.81 Mil. Sylogist's Cost of Goods Sold for the three months ended in Mar. 2024 was $5.23 Mil. Hence, Sylogist's Days Payable for the three months ended in Mar. 2024 was 31.62.

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

SYZLF' s Days Payable Range Over the Past 10 Years
Min: 16.31 Med: 31.31 Max: 70.47
Current: 30.16

During the past 13 years, Sylogist's highest Days Payable was 70.47. The lowest was 16.31. And the median was 31.31.

SYZLF's Days Payable is ranked worse than
66.72% of 2527 companies
in the Software industry
Industry Median: 49.58 vs SYZLF: 30.16

Sylogist's Days Payable declined from Mar. 2023 (32.63) to Mar. 2024 (31.62). It may suggest that Sylogist accelerated paying its suppliers.

Sylogist Days Payable Historical Data

The historical data trend for Sylogist'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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Sylogist Days Payable Chart

Sylogist Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec23

Days Payable

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16.72

22.65

16.86

16.80

18.24

Sylogist Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															32.63	32.83	23.14	23.19	31.62

Competitive Comparison of Sylogist's Days Payable

For the Software - Application subindustry, Sylogist'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.

Sylogist's Days Payable Distribution in the Software Industry

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

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

Sylogist 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.

Sylogist'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: Sep. 2021 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.497	+	1.439)	/	2 )	/	19.367	*	365
=	0.968					/	19.367	*	365
=	18.24

Sylogist'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
=	( (1.439	+	2.183)	/	2 )	/	5.226	*	365 / 4
=	1.811					/	5.226	*	365 / 4
=	31.62

Sylogist Days Payable Related Terms

Thank you for viewing the detailed overview of Sylogist's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Sylogist (Sylogist) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sylogist Ltd (OTCPK:SYZLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SYZ:Canada

Address

5 Richard Way S.W., Suite 102, Calgary, AB, CAN, T3E 7M8

Website

https://www.sylogist.com

Sylogist Ltd is a software company that provides Enterprise Resource Planning solutions, including fund accounting, grant management, and payroll to public service organizations. The only segment is Public Sector. Its solutions include Serenic Navigator for K-12 Education, Serenic Navigator for Nonprofit Organizations, NaviPayroll, NaviTrak, NaviView, NaviNet, NaviBridge, and others. It receives maximum revenue in the form of cloud subscriptions. Geographically, the company offers its services to the United States of America, Canada, and the United Kingdom region. The majority of the revenue comes from the United States of America.

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