KWESST Micro Systems (TSXV:KWE) Days Payable : 343.50 (As of Mar. 2024)

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What is KWESST Micro Systems Days Payable?

KWESST Micro Systems's average Accounts Payable for the three months ended in Mar. 2024 was C$0.92 Mil. KWESST Micro Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.24 Mil. Hence, KWESST Micro Systems's Days Payable for the three months ended in Mar. 2024 was 343.50.

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

TSXV:KWE' s Days Payable Range Over the Past 10 Years
Min: 170.01 Med: 340.67 Max: 989.99
Current: 170.01

During the past 3 years, KWESST Micro Systems's highest Days Payable was 989.99. The lowest was 170.01. And the median was 340.67.

TSXV:KWE's Days Payable is ranked better than
74.5% of 298 companies
in the Aerospace & Defense industry
Industry Median: 75.38 vs TSXV:KWE: 170.01

KWESST Micro Systems's Days Payable declined from Mar. 2023 (525.04) to Mar. 2024 (343.50). It may suggest that KWESST Micro Systems accelerated paying its suppliers.

KWESST Micro Systems Days Payable Historical Data

The historical data trend for KWESST Micro Systems'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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KWESST Micro Systems Days Payable Chart

KWESST Micro Systems Annual Data

Trend

Sep21

Sep22

Sep23

Days Payable

283.23

989.99

340.67

KWESST Micro Systems Quarterly Data
	Aug19	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													525.04	599.59	61.27	262.03	343.50

Competitive Comparison of KWESST Micro Systems's Days Payable

For the Aerospace & Defense subindustry, KWESST Micro Systems'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.

KWESST Micro Systems's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, KWESST Micro Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where KWESST Micro Systems's Days Payable falls into.

KWESST Micro Systems 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.

KWESST Micro Systems's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (2.293	+	0.367)	/	2 )	/	1.425	*	365
=	1.33					/	1.425	*	365
=	340.67

KWESST Micro Systems'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
=	( (0.684	+	1.153)	/	2 )	/	0.244	*	365 / 4
=	0.9185					/	0.244	*	365 / 4
=	343.50

KWESST Micro Systems Days Payable Related Terms

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KWESST Micro Systems (TSXV:KWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » KWESST Micro Systems Inc (TSXV:KWE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KWE:USA

Address

155 Terence Matthews Crescent, Unit No. 1, Ottawa, ON, CAN, K2M 2A8

Website

https://www.kwesst.com

KWESST Micro Systems Inc develops and commercializes next-generation tactical systems. The company offers breakthrough technology in lethal and non-lethal systems with broad application, including law enforcement and personal defence, modernized digitization of tactical forces for shared situational awareness and targeting, and counter-measures against threats such as drones, lasers and electronic detection.

Executives

David Luxton

Director, Senior Officer