Clip Money (TSXV:CLIP) Days Payable : 56.79 (As of Dec. 2023)

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What is Clip Money Days Payable?

Clip Money's average Accounts Payable for the three months ended in Dec. 2023 was C$0.60 Mil. Clip Money's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.96 Mil. Hence, Clip Money's Days Payable for the three months ended in Dec. 2023 was 56.79.

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

TSXV:CLIP' s Days Payable Range Over the Past 10 Years
Min: 61.86 Med: 225.88 Max: 3487.15
Current: 139.54

During the past 3 years, Clip Money's highest Days Payable was 3487.15. The lowest was 61.86. And the median was 225.88.

TSXV:CLIP's Days Payable is ranked better than
76.62% of 2536 companies
in the Software industry
Industry Median: 50.1 vs TSXV:CLIP: 139.54

Clip Money's Days Payable declined from Dec. 2022 (113.30) to Dec. 2023 (56.79). It may suggest that Clip Money accelerated paying its suppliers.

Clip Money Days Payable Historical Data

The historical data trend for Clip Money'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.

* Premium members only.

Clip Money Days Payable Chart

Clip Money Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

3,487.15

225.88

61.86

Clip Money Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial						113.30	178.08	252.46	169.12	56.79

Competitive Comparison of Clip Money's Days Payable

For the Software - Infrastructure subindustry, Clip Money'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.

Clip Money's Days Payable Distribution in the Software Industry

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

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

Clip Money 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.

Clip Money'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
=	( (0.893	+	0.251)	/	2 )	/	3.375	*	365
=	0.572					/	3.375	*	365
=	61.86

Clip Money'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
=	( (0.939	+	0.251)	/	2 )	/	0.956	*	365 / 4
=	0.595					/	0.956	*	365 / 4
=	56.79

Clip Money Days Payable Related Terms

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Clip Money (TSXV:CLIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clip Money Inc (TSXV:CLIP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CLPMF:USA

Address

96 Riverdale Avenue, Ottawa, ON, CAN, K1S 1R2

Website

https://www.clipmoney.com

Clip Money Inc is a Canadian-based principally in the business of providing a proprietary deposit network to businesses and financial institutions located across North America. network of ClipDrop safes located in malls, box stores, and grocery chains, Clip improves the business deposit experience through transformational digital and mobile-enabled services. Its business is located in Canada and the United States. The majority of its revenue comes from the United States.

Executives

Daren Trousdell

10% Security Holder

Clip Money (TSXV:CLIP) Headlines

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