Clydestone Ghana (XGHA:CLYD) Days Payable : 296.49 (As of Jun. 2023)

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What is Clydestone Ghana Days Payable?

Clydestone Ghana's average Accounts Payable for the three months ended in Jun. 2023 was GHS1.97 Mil. Clydestone Ghana's Cost of Goods Sold for the three months ended in Jun. 2023 was GHS0.61 Mil. Hence, Clydestone Ghana's Days Payable for the three months ended in Jun. 2023 was 296.49.

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

XGHA:CLYD' s Days Payable Range Over the Past 10 Years
Min: 67.01 Med: 130.42 Max: 216.59
Current: 167.81

During the past 8 years, Clydestone Ghana's highest Days Payable was 216.59. The lowest was 67.01. And the median was 130.42.

XGHA:CLYD's Days Payable is ranked better than
80.01% of 2536 companies
in the Software industry
Industry Median: 50.42 vs XGHA:CLYD: 167.81

Clydestone Ghana's Days Payable increased from Jun. 2022 (219.12) to Jun. 2023 (296.49). It may suggest that Clydestone Ghana delayed paying its suppliers.

Clydestone Ghana Days Payable Historical Data

The historical data trend for Clydestone Ghana'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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Clydestone Ghana Days Payable Chart

Clydestone Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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105.27

93.80

129.34

138.98

131.50

Clydestone Ghana Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															219.12	54.99	-	219.80	296.49

Competitive Comparison of Clydestone Ghana's Days Payable

For the Information Technology Services subindustry, Clydestone Ghana'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.

Clydestone Ghana's Days Payable Distribution in the Software Industry

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

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

Clydestone Ghana 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.

Clydestone Ghana's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.499	+	3.253)	/	2 )	/	5.207	*	365
=	1.876					/	5.207	*	365
=	131.50

Clydestone Ghana's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1.526	+	2.412)	/	2 )	/	0.606	*	365 / 4
=	1.969					/	0.606	*	365 / 4
=	296.49

Clydestone Ghana Days Payable Related Terms

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Clydestone Ghana (XGHA:CLYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clydestone Ghana PLC (XGHA:CLYD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14 Adebeto Close, P.O. Box CT 1003, North Labone, Accra, GHA

Website

https://www.clydestone.com

Clydestone Ghana Ltd is an information and communications technology company with offices in Ghana, Nigeria, and Kenya. The company has developed cutting-edge solutions in the areas of financial document processing, remittance processing, and transaction switching. The company provides IT solutions in Africa, currently providing Cheque Truncation Systems to Ghana's Banks. Its product list includes G-Switch, G-Secure, Remita, UnionPay, Automated Cheque Clearing, ATM and Cash Processing, Multi-vendor ATM Software, and Multi-factor Authentication.

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