Pivotree (TSXV:PVT) Days Payable : 15.22 (As of Dec. 2023)

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What is Pivotree Days Payable?

Pivotree's average Accounts Payable for the three months ended in Dec. 2023 was C$1.87 Mil. Pivotree's Cost of Goods Sold for the three months ended in Dec. 2023 was C$11.20 Mil. Hence, Pivotree's Days Payable for the three months ended in Dec. 2023 was 15.22.

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

TSXV:PVT' s Days Payable Range Over the Past 10 Years
Min: 22.65 Med: 31.31 Max: 49.1
Current: 23.28

During the past 5 years, Pivotree's highest Days Payable was 49.10. The lowest was 22.65. And the median was 31.31.

TSXV:PVT's Days Payable is ranked worse than
74.9% of 2526 companies
in the Software industry
Industry Median: 50.42 vs TSXV:PVT: 23.28

Pivotree's Days Payable declined from Dec. 2022 (23.28) to Dec. 2023 (15.22). It may suggest that Pivotree accelerated paying its suppliers.

Pivotree Days Payable Historical Data

The historical data trend for Pivotree'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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Pivotree Days Payable Chart

Pivotree Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

49.10

46.49

31.31

22.65

24.05

Pivotree Quarterly Data
	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													23.28	34.03	25.76	14.97	15.22

Competitive Comparison of Pivotree's Days Payable

For the Information Technology Services subindustry, Pivotree'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.

Pivotree's Days Payable Distribution in the Software Industry

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

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

Pivotree 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.

Pivotree'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
=	( (4.695	+	1.673)	/	2 )	/	48.322	*	365
=	3.184					/	48.322	*	365
=	24.05

Pivotree'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
=	( (2.062	+	1.673)	/	2 )	/	11.2	*	365 / 4
=	1.8675					/	11.2	*	365 / 4
=	15.22

Pivotree Days Payable Related Terms

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Pivotree (TSXV:PVT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PVTRF:USA 8AV:Germany

Address

6300 Northam Drive, Mississauga, ON, CAN, L4V 1H7

Website

https://www.pivotree.com

Pivotree Inc Company designs, integrates, deploys, and manages digital platforms in Commerce, Data Management and Supply Chain for major retail and branded manufacturers throughout the world. Pivotree provides the technical skills necessary to enable the effective use of technologies combined with the business context to leverage a solution to solve clients' business challenges. Pivotree's portfolio of products, managed and professional services help provide B2B2C digital businesses with end-to-end service to manage complex digital commerce platforms. It operates in two segments: professional and managed services. Pivotree serves market-leading brands and forward-thinking B2C and B2B companies, including many Fortune 1000. The majority of its revenue comes from North America.

Executives

Vernon Lobo

Director, Senior Officer

Pivotree (TSXV:PVT) Headlines

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