OneSoft Solutions (TSXV:OSS) Days Payable : 190.69 (As of Dec. 2023)

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What is OneSoft Solutions Days Payable?

OneSoft Solutions's average Accounts Payable for the three months ended in Dec. 2023 was C$1.39 Mil. OneSoft Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.66 Mil. Hence, OneSoft Solutions's Days Payable for the three months ended in Dec. 2023 was 190.69.

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

TSXV:OSS' s Days Payable Range Over the Past 10 Years
Min: 178.53 Med: 241.86 Max: 12722.36
Current: 182.14

During the past 13 years, OneSoft Solutions's highest Days Payable was 12722.36. The lowest was 178.53. And the median was 241.86.

TSXV:OSS's Days Payable is ranked better than
81.74% of 2536 companies
in the Software industry
Industry Median: 50.42 vs TSXV:OSS: 182.14

OneSoft Solutions's Days Payable increased from Dec. 2022 (159.03) to Dec. 2023 (190.69). It may suggest that OneSoft Solutions delayed paying its suppliers.

OneSoft Solutions Days Payable Historical Data

The historical data trend for OneSoft Solutions'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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OneSoft Solutions Days Payable Chart

OneSoft Solutions Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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271.88

178.53

182.71

OneSoft Solutions 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															159.03	178.49	189.30	169.65	190.69

Competitive Comparison of OneSoft Solutions's Days Payable

For the Software - Application subindustry, OneSoft Solutions'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.

OneSoft Solutions's Days Payable Distribution in the Software Industry

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

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

OneSoft Solutions 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.

OneSoft Solutions'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
=	( (1.098	+	1.46)	/	2 )	/	2.555	*	365
=	1.279					/	2.555	*	365
=	182.71

OneSoft Solutions'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
=	( (1.311	+	1.46)	/	2 )	/	0.663	*	365 / 4
=	1.3855					/	0.663	*	365 / 4
=	190.69

OneSoft Solutions Days Payable Related Terms

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OneSoft Solutions (TSXV:OSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneSoft Solutions Inc (TSXV:OSS) » Definitions » Days Payable

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OSSIF:USA

Address

10230 Jasper Avenue, Suite 4227, Enterprise Square, Edmonton, AB, CAN, T5J 4P6

Website

https://www.onesoft.ca

OneSoft Solutions Inc is a provider of software solutions for select markets, all of which are developed using Microsoft's new Cloud technologies. Its mission is to acquire, manage and build next-generation software businesses that will provide specialized, mission-critical cloud software solutions to address customer needs. It has developed software technology and products that have the capability to transition legacy, on-premise licensed software applications to operate on the Microsoft Azure Cloud Platform. It seeks opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. The Company generates it's majority of the revenue from USA..

Executives

David Shong-tak Tam

Senior Officer