Varonis Systems (Varonis Systems) Days Payable : 4.72 (As of Dec. 2023)

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What is Varonis Systems Days Payable?

Varonis Systems's average Accounts Payable for the three months ended in Dec. 2023 was $1.0 Mil. Varonis Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $19.3 Mil. Hence, Varonis Systems's Days Payable for the three months ended in Dec. 2023 was 4.72.

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

VRNS' s Days Payable Range Over the Past 10 Years
Min: 6.46 Med: 20.22 Max: 89.6
Current: 6.46

During the past 13 years, Varonis Systems's highest Days Payable was 89.60. The lowest was 6.46. And the median was 20.22.

VRNS's Days Payable is ranked worse than
94.97% of 2524 companies
in the Software industry
Industry Median: 50.7 vs VRNS: 6.46

Varonis Systems's Days Payable declined from Dec. 2022 (23.98) to Dec. 2023 (4.72). It may suggest that Varonis Systems accelerated paying its suppliers.

Varonis Systems Days Payable Historical Data

The historical data trend for Varonis 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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Varonis Systems Days Payable Chart

Varonis Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.78

7.62

18.97

21.65

9.24

Varonis Systems 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															23.98	9.49	3.64	5.27	4.72

Competitive Comparison of Varonis Systems's Days Payable

For the Software - Infrastructure subindustry, Varonis 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.

Varonis Systems's Days Payable Distribution in the Software Industry

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

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

Varonis 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.

Varonis Systems'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
=	( (2.962	+	0.672)	/	2 )	/	71.751	*	365
=	1.817					/	71.751	*	365
=	9.24

Varonis Systems'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
=	( (1.328	+	0.672)	/	2 )	/	19.347	*	365 / 4
=	1					/	19.347	*	365 / 4
=	4.72

Varonis Systems Days Payable Related Terms

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Varonis Systems (Varonis Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Varonis Systems Inc (NAS:VRNS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VS2:Germany VS2:Germany

Address

1250 Broadway, 29th Floor, New York, NY, USA, 10001

Website

https://www.varonis.com

Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.

Executives

James O'boyle	officer: SVP of Worldwide Sales	C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
David Bass	officer: EVP Engineering & CTO	1250 BROADWAY 29TH FLOOR, NEW YORK NY 10001
Avrohom J. Kess	director	385 WASHINGTON STREET, ST. PAUL MN 55102
Yakov Faitelson	director, officer: CEO, President, Chairman	C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
Ofer Segev	director	NESS TOWER, ATIDIM HIGH-TECH INDUSTRIAL, PARK, BUILDING 4, TEL AVIV L3 61580
Guy Melamed	officer: Chief Financial Officer	1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Dov Gottlieb	officer: VP and General Counsel	1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Van Den Bosch Fred	director	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Carlos Aued	director	1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Gilad Raz	officer: CIO & VP of Technical Services	1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Kevin E Comolli	director, 10 percent owner	C/O ACCEL, 500 UNIVERSITY AVE, PALO ALTO CA 94301
Thomas F Mendoza	director	495 E. JAVA DRIVE, SUNNYVALE CA 94089
Rachel Prishkolnik	director	1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Gili Iohan	officer: Chief Financial Officer	C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
Rona Segev-gal	director	C/O PITANGO VENTURE CAPITAL FUND IV L.P., 540 COWPER ST., SUITE 200, PALO ALTO CA 94301