Airiq (TSXV:IQ) Days Payable : 0.00 (As of Dec. 2023)

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What is Airiq Days Payable?

Airiq's average Accounts Payable for the three months ended in Dec. 2023 was C$0.00 Mil. Airiq's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.43 Mil. Hence, Airiq's Days Payable for the three months ended in Dec. 2023 was 0.00.

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

TSXV:IQ' s Days Payable Range Over the Past 10 Years
Min: 124.76 Med: 147.56 Max: 158.86
Current: 124.76

During the past 13 years, Airiq's highest Days Payable was 158.86. The lowest was 124.76. And the median was 147.56.

TSXV:IQ's Days Payable is ranked better than
74.19% of 2538 companies
in the Software industry
Industry Median: 50.19 vs TSXV:IQ: 124.76

Airiq's Days Payable stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00). stayed the same

Airiq Days Payable Historical Data

The historical data trend for Airiq'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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Airiq Days Payable Chart

Airiq Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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158.86

136.26

Airiq Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															-	143.42	89.39	-	-

Competitive Comparison of Airiq's Days Payable

For the Software - Application subindustry, Airiq'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.

Airiq's Days Payable Distribution in the Software Industry

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

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

Airiq 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.

Airiq's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.736	+	0.767)	/	2 )	/	2.013	*	365
=	0.7515					/	2.013	*	365
=	136.26

Airiq'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	+	0)	/	1 )	/	0.43	*	365 / 4
=	0					/	0.43	*	365 / 4
=	0.00

Airiq Days Payable Related Terms

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Airiq (TSXV:IQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Airiq Inc (TSXV:IQ) » Definitions » Days Payable

Comparable Companies

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AILQF:USA

Address

1099 Kingstone Road, Suite 207, Pickering, ON, CAN, L1V 1B5

Website

https://www.airiq.com

Airiq Inc is a pioneer in IoT-based asset management solutions. Its solutions allow commercial businesses to reliably, effectively and efficiently monitor assets in near real-time. The company develops iOS and Android mobile and web-based applications, and cloud-based solutions that are standalone or that can be readily integrated with existing software. Its solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety and analytics utilizing multiple hardware options including a fully integrated video telematics camera solution and a battery-powered solution for non-powered assets.

Executives

Bora Kwak

Senior Officer