Sangoma Technologies (TSX:STC) Days Payable : 104.18 (As of Mar. 2024)

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What is Sangoma Technologies Days Payable?

Sangoma Technologies's average Accounts Payable for the three months ended in Mar. 2024 was C$27.9 Mil. Sangoma Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was C$24.4 Mil. Hence, Sangoma Technologies's Days Payable for the three months ended in Mar. 2024 was 104.18.

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

TSX:STC' s Days Payable Range Over the Past 10 Years
Min: 74.94 Med: 124.47 Max: 197.97
Current: 104.19

During the past 13 years, Sangoma Technologies's highest Days Payable was 197.97. The lowest was 74.94. And the median was 124.47.

TSX:STC's Days Payable is ranked better than
70.25% of 2531 companies
in the Software industry
Industry Median: 50.36 vs TSX:STC: 104.19

Sangoma Technologies's Days Payable declined from Mar. 2023 (117.38) to Mar. 2024 (104.18). It may suggest that Sangoma Technologies accelerated paying its suppliers.

Sangoma Technologies Days Payable Historical Data

The historical data trend for Sangoma 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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Sangoma Technologies Days Payable Chart

Sangoma Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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95.62

114.36

147.55

135.01

118.12

Sangoma Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															117.38	102.83	105.14	99.73	104.18

Competitive Comparison of Sangoma Technologies's Days Payable

For the Software - Infrastructure subindustry, Sangoma 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.

Sangoma Technologies's Days Payable Distribution in the Software Industry

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

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

Sangoma 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.

Sangoma Technologies'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: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (36.578	+	31.989)	/	2 )	/	105.941	*	365
=	34.2835					/	105.941	*	365
=	118.12

Sangoma Technologies'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
=	( (26.376	+	29.403)	/	2 )	/	24.427	*	365 / 4
=	27.8895					/	24.427	*	365 / 4
=	104.18

Sangoma Technologies Days Payable Related Terms

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Sangoma Technologies (TSX:STC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sangoma Technologies Corp (TSX:STC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SANG:USA 54GA:Germany

Address

100 Renfrew Drive, Suite 100, Markham, ON, CAN, L3R 9R6

Website

https://www.sangoma.com

Sangoma Technologies Corp is a provider of hardware and software components that enable Internet protocol communications systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications. Its product includes Cloud Services, Video Conferencing, Carrier Services, Business Phone Systems, Phones & Devices, and Network Connectivity. The company sells into three major geographic centers: the United States of America, which is the key revenue driver, Canada, and other foreign countries.

Executives

Nenad Corbic	Senior Officer
Jamie Minner	Senior Officer
Samantha Reburn	Senior Officer
Lawrence A. Stock	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)