Cover (COVCF) Days Payable : 24.58 (As of Dec. 2023)

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What is Cover Days Payable?

Cover's average Accounts Payable for the three months ended in Dec. 2023 was $7.1 Mil. Cover's Cost of Goods Sold for the three months ended in Dec. 2023 was $26.3 Mil. Hence, Cover's Days Payable for the three months ended in Dec. 2023 was 24.58.

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

COVCF' s Days Payable Range Over the Past 10 Years
Min: 32.13 Med: 50.42 Max: 58.89
Current: 32.13

During the past 3 years, Cover's highest Days Payable was 58.89. The lowest was 32.13. And the median was 50.42.

COVCF's Days Payable is ranked worse than
64.65% of 2526 companies
in the Software industry
Industry Median: 50.42 vs COVCF: 32.13

Cover's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (24.58). It may suggest that Cover delayed paying its suppliers.

Cover Days Payable Historical Data

The historical data trend for Cover'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.

* Premium members only.

Cover Days Payable Chart

Cover Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

50.42

41.92

62.00

Cover Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	37.43	55.48	22.59	24.58

Competitive Comparison of Cover's Days Payable

For the Software - Application subindustry, Cover'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.

Cover's Days Payable Distribution in the Software Industry

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

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

Cover 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.

Cover's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (12.506	+	15.593)	/	2 )	/	82.706	*	365
=	14.0495					/	82.706	*	365
=	62.00

Cover'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
=	( (6.744	+	7.442)	/	2 )	/	26.334	*	365 / 4
=	7.093					/	26.334	*	365 / 4
=	24.58

Cover Days Payable Related Terms

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Cover (COVCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cover Corp (OTCPK:COVCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5253:Japan

Address

1-7-17 Shiba, Sumitomo Fudosan Shiba No.3 Building B1, Minato-ku, Tokyo, JPN, 105-0014

Website

https://www.cover-corp.com

Cover Corp operates as a platformer for two-dimensional entertainment. It is engaged in developing multifaceted businesses to accelerate 2D entertainment such as distribution system development, VTuber office management, and content development.

Cover (COVCF) Headlines

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