Wishpond Technologies (TSXV:WISH) Days Payable : 45.12 (As of Dec. 2023)

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What is Wishpond Technologies Days Payable?

Wishpond Technologies's average Accounts Payable for the three months ended in Dec. 2023 was C$1.02 Mil. Wishpond Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2.07 Mil. Hence, Wishpond Technologies's Days Payable for the three months ended in Dec. 2023 was 45.12.

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

TSXV:WISH' s Days Payable Range Over the Past 10 Years
Min: 35.67 Med: 45.53 Max: 51.25
Current: 50.91

During the past 5 years, Wishpond Technologies's highest Days Payable was 51.25. The lowest was 35.67. And the median was 45.53.

TSXV:WISH's Days Payable is ranked better than
50.49% of 2531 companies
in the Software industry
Industry Median: 50.16 vs TSXV:WISH: 50.91

Wishpond Technologies's Days Payable declined from Dec. 2022 (52.93) to Dec. 2023 (45.12). It may suggest that Wishpond Technologies accelerated paying its suppliers.

Wishpond Technologies Days Payable Historical Data

The historical data trend for Wishpond Technologies'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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Wishpond Technologies Days Payable Chart

Wishpond Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

35.67

51.25

43.71

45.53

48.87

Wishpond Technologies 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													52.93	54.54	54.68	51.72	45.12

Competitive Comparison of Wishpond Technologies's Days Payable

For the Software - Application subindustry, Wishpond Technologies'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.

Wishpond Technologies's Days Payable Distribution in the Software Industry

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

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

Wishpond Technologies 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.

Wishpond Technologies'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
=	( (1.117	+	0.998)	/	2 )	/	7.898	*	365
=	1.0575					/	7.898	*	365
=	48.87

Wishpond Technologies'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
=	( (1.045	+	0.998)	/	2 )	/	2.066	*	365 / 4
=	1.0215					/	2.066	*	365 / 4
=	45.12

Wishpond Technologies Days Payable Related Terms

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Wishpond Technologies (TSXV:WISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wishpond Technologies Ltd (TSXV:WISH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WPNDF:USA

Address

422 Richards Street, No.170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.wishpond.com

Wishpond Technologies Ltd is a provider of marketing-focused online business solutions providing digital marketing solutions that empower entrepreneurs to achieve success online. The company offers an all-in-one marketing suite that provides companies with marketing, promotion, lead generation, sales automation, ad management, referral marketing, and sales conversion capabilities from one integrated platform. It replaces entire marketing functions in an easy-to-use product, for a fraction of the cost. It serves over 3,700 customers who are mainly small-to-medium size businesses in a wide variety of industries. The company employs a Software-as-a-Service (SaaS) business model where substantially all its revenue is subscription-based recurring revenue.

Executives

David Pais

Senior Officer

Wishpond Technologies (TSXV:WISH) Headlines

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